Yahoo! (YHOO $14.93 -0.71) and interCLICK (ICLK $8.93 +1.53) announced a definitive agreement for Yahoo! to acquire interclick.
Under the terms of the agreement, Yahoo! will commence an all cash tender offer for all outstanding shares of common stock of interclick at $9.00 per share. The transaction has an estimated total equity value of approximately $270 million. The agreement also provides for a merger to be completed following the tender offer which would result in all shares not tendered being converted into the right to receive $9.00 in cash. The companies expect the tender offer to close by early 2012.






