In a report released this morning, Stifel Nicolaus said that it believed eBay EBAY “will prevail at the $29.25 price” in the GSI Commerce GSIC buyout.
“There is a 40-day ‘go-shop' provision with matching rights by eBay,” Stifel Nicolaus writes. “We do not expect Amazon AMZN to bid, as Amazon has been able to grow its revenues by 35% or more with smaller strategic acquisitions.
“We do not expect Google GOOG to show interest. There may have been private equity interest at a price, but we doubt private equity would chase GSIC at $30 or higher.”
GSI Commerce closed Monday at $29.20; eBay closed at $30.34.
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Posted In: Analyst RatingsAmazonConsumer DiscretionaryEBAYGooglegsi commerceInformation TechnologyInternet RetailInternet Software & ServicesStifel Nicolaus
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