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Greenfield Online to be sold for $426 million



By AP
16 June 2008 @ 07:33 am EST

WILTON, Conn. - Greenfield Online Inc., which provides marketing companies with Internet surveys, said Monday it agreed to be bought by private investment firm Quadrangle Group LLC for $15.50 per share, or about $426 million in cash.

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The price represents about a 13 percent premium over the stock's closing price Friday. Greenfield said its board approved the deal. It is expected to close late in the third quarter or in the fourth quarter.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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