On September 30, 2005, ValueClick (VCLK) a leading provider of Internet-based performance advertising and marketing tools, announced that it completed its previously announced acquisition of recent IPO Fastclick. The deal was an all-stock transaction valued at roughly $284 million at the time of closing. Fastclick's closing price at the time the deal was completed was $13.42 per share, representing a 11.8% gain from its IPO price.
Fastclick, a leading provider of online pay-for-performance advertising services for businesses, had initially announced its intention to be acquired by its larger competitor ValueClick in early August. At the time of the announcement, the deal was valued at roughly $214 million or $10.11 per share. Fastclick completed its IPO just four months earlier (April 1, 2005) at $12 a share.
