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The Rank for $ales Weekly Newsletter, page 8

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(Continued)
In an SEC statement filed Tuesday, it said: 'These option grants and stock issuances may have violated the Securities Act of 1933 and the state securities laws... The rescission offer is intended to address these federal and state securities laws compliance issues by allowing the holders of the options and shares covered by the rescission offer to rescind the underlying securities transactions and sell those securities back to us.'

Google is offering to repurchase the shares and options at prices ranging from $0.3 to $80 with its own cash. The company has about $550mn in its coffers. Shareholders will receive the price originally paid, plus interest, while those with options will get 20 per cent of the price they could buy at, plus interest. There are 1,105 stock holders with 23,240,668 shares, and 301 people with options on 5,592,248 shares that stand to benefit from this offer, which ends next month.

In other developments, marketing technology and services firm ValueClick is making its first acquisition into the shopping comparison market, with the purchase of Pricerunner.

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