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CMGI to acquire Flycast Communications Corp.

Published on .

CMGI signed a definitive agreement to acquire Flycast Communications Corp., in a stock swap valued at $690 million. Under the deal, CMGI will issue .4738 CMGI shares for every share of Flycast held on the closing date of the transaction. Closing is expected in January.

Copyright September 1999, Crain Communications Inc.

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