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InfoSeek closes at $14

Published on .

InfoSeek Corp. on Tuesday closed its first day of trading on the Nasdaq exchange at $14, up $2 from its opening price of $12. InfoSeek offered 3.5 million shares of stock; Merrill Lynch & Co. managed the offering. Separately, Reuters NewMedia said it invested an additional $5 million in InfoSeek, for a 2% share. Reuters in April invested $1 million in the company.

Copyright June 1996 Crain Communications Inc.

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