Shareholders Approve Buyout of Buy.com
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Reuters
Shareholders of Buy.com Inc. approved founder Scott Blum’s buyout of the Internet retailer, which he is taking private, the company said.
“At the close of business today, Buy.com will no longer be publicly held or traded on the OTC Bulletin Board,” the Aliso Viejo-based company said in documents filed with the Securities and Exchange Commission.
Blum purchased Buy.com for $23.6 million, or 17 cents a share, the company said.
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