Retailers shift their ad spending from TV, radio and print ads to digital ads.
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.