USA: HomeGrocer.com shareholders approve Webvan merger
Shareholders of HomeGrocer.com, Inc. (NASDAQ:HOMG) today approved the Internet retailer's proposed merger with Webvan Group, Inc. (NASDAQ:WBVN) of Foster City, Calif. More than 85 percent of HomeGrocer.com's 128,175,016 common shares outstanding were cast in support of the merger at a special meeting of shareholders held today in downtown Seattle. As previously announced, Webvan will issue 1.07605 shares of its common stock in exchange for each outstanding share of common stock of HomeGrocer. HomeGrocer.com will become a wholly owned subsidiary of Webvan Group, a leading online retailer with delivery capabilities. The transaction is expected to close on Sept. 5, 2000.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Comment: Premier has more to ponder than Brexit
- Trump seen as negative for global food trade
- 2017: food policy hotspots in the UK, EU and US
- Analysis: B&G Foods balancing growth and decline
- The food market in 2017 - consumer trends and M&A
- Weetabix takeover talk gathers pace
- Nestle mum on Mead Johnson takeover talk
- Unilever rebrands I Can't Believe It's Not Butter
- Mondelez sells Vegemite to Bega
- Kellogg to slash 250 jobs