Company Goes Private After $9.7 Million Deal

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NEW YORK (AdAge.com) -- Leapnet, Chicago, removed its stock listing from the Nasdaq market Monday after it went private in a management buyout worth $9.7 million.

According to papers filed with the Securities and Exchange Commission, SPRI Acquisition Corp. completed a $1.85-per-share acquisition of the online marketing and communications company on Friday, as expected.

SPRI Acquisition is a subsidiary of SPRI Ltd., which is controlled by Robert Figliulo, chairman-CEO of Leapnet, and David Figliulo, Leapnet's vice president of sales.

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