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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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How do you think the tech sector will do under the Trump administration?
Very well -- corporate tax cuts will stimulate growth.
Just OK -- there will be areas of both cooperation and dissent.
Poorly -- education and immigration policies will hurt tech.
Impossible to predict, but I'm optimistic.
Impossible to predict, but I'm pessimistic.
The tech sector will do well regardless of Trump's policies.