Welcome to our dedicated page for LOOKSMART GROUP news (Ticker: LKST), a resource for investors and traders seeking the latest updates and insights on LOOKSMART GROUP stock.
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LookSmart Group (LKST) has issued a statement advising shareholders to reject an unsolicited mini-tender offer from Alternative Liquidity Capital. The offer of $2.00 per share represents a significant 92.3% discount from LookSmart's last traded price of $26.00 and is 22% below the current bid price of $2.55. LookSmart clarified that it is not affiliated with Alternative Liquidity and urged shareholders to exercise caution and conduct thorough due diligence regarding the tender offer.
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