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Stock Watch: Takeover Speculation Fuels Freeserve ADRs

By Nora Macaluso E-Commerce Times ECT News Network
Jun 1, 2000 12:00 AM PT

Freeserve (Nasdaq: FREE) American depositary receipts rose 6 1/2 to 78 1/2 Wednesday after the Financial Times reported that Dixons Plc is considering selling its 80 percent stake in the UK-based Internet service provider to T-Online of Germany.

Stock Watch: Takeover Speculation Fuels Freeserve ADRs

The paper said electronics retailer Dixons is also considering other options for its stake. Earlier this month, Dixons hired investment bankers Goldman, Sachs & Co. to help it review alternatives for its stake in Freeserve.


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What do you think of politically inspired Internet memes?
They tend to be brutally honest about their targets.
They're usually cheap shots based on lies.
They're often stupid but amusing.
They can have a dangerous influence on uninformed people.
They don't impress me one way or the other.