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NEW YORK SBI and Company has extended its cash tender offer for all of Razorfish’s publicly-held shares to Jan. 22.
In November, the Salt Lake City-based e-business roll-up agreed to acquire Razorfish for about $8.5 million, or $1.70 per publicly held share [IQ Daily Briefing, Nov. 25, 2001].
The extension is being offered to permit shareholders additional time in which to tender their shares, in light of the recent holiday season, to satisfy the minimum conditions.
As of Jan.
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