January 19, 2001, 12:00 AM

Webvan, HomeGrocer Merger Deal Moves Ahead

Webvan Group Inc. and HomeGrocer.com have received notification of the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 applicable to the proposed merger of the two companies. The expiration of that waiting period is a condition to the completion of the merger.

In late June, Webvan, Foster City, Calif., and HomeGrocer, Kirkland, Wash., announced a definitive merger agreement under which Webvan will acquire HomeGrocer.com in a stock-for-stock transaction. The merger unites two online retailers of groceries and other products that have personalized delivery capabilities. The combined company will operate under the name Webvan Group Inc.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From IR Blogs

FPO

Jacques van der Wilt / E-Commerce

How to quickly improve your ROI on Google Shopping

Don’t just track category ROI. Look at ROI by product to maximize profits. Just one ...

FPO

Adrien Henni / E-Commerce

Alibaba tops e-commerce sites in Russia as well as China

AliExpress, the Alibaba site that lets international shoppers buy from Chinese merchants, leads in traffic ...

Advertisement