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Jul 02, 2007
Quickie Link: PlanetOut Sells $26.2M Worth of Shares
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By vanrozenheim
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(USA) - PlanetOut Inc., which runs print and online media outlets including gay.com, said Monday it expects to receive $26.2 million in gross proceeds from the sale of 22.8 million shares of common stock. The company said the private placement of stock was made to a group of accredited and institutional investors, including Special Situation Funds, Cascade Investment and Allen & Company LLC. The deal is expected to close July 6.
Note: Read full article on Forbes
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