Overture Shares Drop on Revised Outlook

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NEW YORK Shares of Overture were trading on the Nasdaq at $15.23, down 12 percent midday Tuesday, a day after the Web site search provider said it plans to purchase the Internet business unit of Fast Search & Transfer and revised its earnings outlook.

The acquisition, which is expected to close in April upon customary approvals, calls for Overture to pay out $70 million in cash, as well as up to $30 million over three years in performance-based cash incentives.

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