Once the deal is completed, E-Services will be absorbed into Agency.com.
Following negotiations between Seneca and Agency.com's special committee of its board, Seneca increased the price to $3.35 per share, half from its original proposal of $3 per share, made May 14. The merger agreement will be subject to a majority approval of non-Seneca stockholders and other closing conditions. The merger will be considered for voting at a special meeting expected to be held by the end of the third quarter. -- Adrienne Mand
Copyright June 2001, Crain Communications Inc.