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Moderated By: caly -- (Not Moderated) -- Started: 11/2/1999 11:50:00 PM  Revision History 724 Solutions - 724solutions.com  Privately held now. Canadian company accepts Austin Ventures' higher offer Austin Business Journal - March 14, 2006 Austin Ventures LP boosted its buyout offer for Toronto's 724 Solutions Inc., and the Canadian company accepted it. In late February, Austin Ventures proposed buying the rest of the shares of 724 Solutions Inc.'s common stock that it doesn't already own for $3.07 each, or nearly $17 million. That offer was rejected. Now, the offer has been raised to $3.34 per share, or more than $18.3 million, and 724 Solutions has taken it. 724 Solutions' stock has been trading around $3.30 per share. If a definitive agreement on the revised proposal isn't reached, the offer will expire April 6, according to a 724 Solutions news release. Austin Ventures, a venture capital firm based in Austin, is the largest shareholder of 724 Solutions. Affiliates of Austin Ventures own 547,854 common shares of Toronto-based 724 Solutions (NASDAQ: SVNX, TSX: SVN) and hold about $8.9 million worth of notes that can be converted to another 2.9 million common shares. Furthermore, partners with Austin Ventures own 5,162 common shares of 724 Solutions.

Reply	Message Preview	From	Recs	Date
337	Bought some shares here at $3.60 that I sold at $3.90 (4/05). For me, this has	james-rockford	-	04/15/2004 02:39 PM
336	Bought some here at $3.46, filled gap, 50dma is $3.43. Market is due for a bounc	james-rockford	-	03/15/2004 03:56 PM
335	If they applied to buy back a few shares,that would do it sam	Sam	-	12/03/2002 05:16 PM
334	Would a reverse split help, not sure if these are good things, but seems like a	nzlsixty	-	12/03/2002 03:42 PM
333	I see they have untill Dec.9 to make a resolution on what steps it will take to	Sam	-	12/03/2002 05:49 AM
332	That is correct. The old story, slowly slowly catch the monkey. 3G is getting c	nzlsixty	-	12/03/2002 04:52 AM
331	Time to put this back on the watch reading some interesting articles on the new	Sam	-	12/01/2002 01:18 PM
330	SKT, LGT Join Up in Mobile Payment Service etienglish.com  By Shin Hwa-so	waitwatchwander	-	09/12/2002 08:47 AM
329	Mobile carriers clash with credit card firms koreaherald.co.kr  Korea&#	waitwatchwander	-	09/12/2002 08:44 AM
328	I want wireless banking. Email. Cyberspace. Telecoms charge too much money.	Maurice Winn	-	09/12/2002 06:54 AM
327	Yep. When I got my first wireless device, I realized there was only one wireles	caly	-	09/09/2002 10:28 AM