SBI Extends Razorfish Tender Offer

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.

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