Yahoo Settles Interclick Investor Suits Over $270M Sale

Law360, New York (December 7, 2011, 9:47 PM EST) -- Interclick Inc. shareholders have agreed to settle putative class actions in Delaware claiming the advertising technology company's proposed $270 million sale to Yahoo Inc. represents an unfair price and that Interclick's board breached their responsibilities, Yahoo said in a regulatory filing Monday.

Interclick's board, the New York-based company itself and Yahoo are denying any wrongdoing under the settlement, but Interclick has agreed to provide certain supplemental disclosures as part of the deal, according to the filing with the U.S. Securities and Exchange Commission. The parties reached...
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