Greenfield Online Spurns Quadrangle For Higher Offer; Will Pay $5 Million Breakup Fee

This story was written by Joseph Weisenthal.
We're mainly covering this one due to the jilted buyer Greenfield Online, a provider of online market research, says it's nixing its sale to media PE firm Quadrangle. The company had already indicated that it received a potentially higher offer than the $426 million or $15.50 per share it was set to get form Quadrangle. The new buyer, an un-named Fortune 100 firm, will pay $17.50 for the company. Per the original agreement, announced in early June, Quadrangle will get a $5 million fee for its troubles. Release.

By Joseph Weisenthal