Answers Corp. (MM) (ANSW) News

There are lawsuits? Oh wow just looked geez wtf?

OMG one of the companies is Bull & Lifshitz!!!! That is BEYOND classic.

What do you think of all those 'lawsuits' - folks thinking it's worth $15? or $1.50? heh

Answers didn't quite work out as I expected either; however, it didn't do too bad either. Management made some blunders imo, but they adapted and did 'stay focus' once they got on the wiki answer train.......that probably 'saved' them imo......

Folks can learn a lot about 'staying' focus in business....odds increase that something good may come from it imo........

Probably lol

I exist for technicalities. The company that is buying them will, however, go bankrupt.;)

You were right! ANSW is going to delist!

Technically...

Awesome! Man I was willing to pay 1.50. What a shocker. Thanks for the hot news.

Answers.com Agrees to be Acquired for $127 Million in Cash: $10.50 per Share

NEW YORK--(BUSINESS WIRE)-- Answers.com, (NASDAQ:ANSW - News), creators of the leading answer engine Answers.com®, today announced that it has entered into a definitive merger agreement to be acquired by AFCV Holdings, LLC, a portfolio company of growth equity investor Summit Partners, for a total cash consideration of approximately $127 million. AFCV will acquire all outstanding shares of Answers.com common stock, Series A convertible preferred stock and Series B convertible preferred stock. Under the terms of the agreement, Answers.com common stock shareholders will receive $10.50 in cash for each outstanding share of common stock they own. The holders of Series A and Series B convertible preferred stock will also be entitled to receive cash consideration based on the number of the common stock into which those shares are convertible at the time of the merger.



"This is a great outcome for our shareholders,” said Bob Rosenschein, Founder, Chairman and CEO. “After an exciting six years as a public company, we are very pleased to achieve considerable value for our investors. The acquisition price of $10.50 per share represents a significant cash premium of approximately 33% over our 90-day volume-weighted average closing stock price."



Mr. Rosenschein continued, “This agreement is also a positive for our community members. The integrity and commitment of our company to our products remain unchanged, as we continue our mission of creating the ultimate destination for answers."



The board of directors of Answers.com has unanimously approved the merger with AFCV Holdings, LLC and recommends that the stockholders of Answers.com vote to adopt the merger agreement. Answers.com expects to hold a special meeting of stockholders to consider and vote on the proposed merger and merger agreement as soon as practicable after the mailing of the proxy statement to its stockholders.



The transaction has fully committed financing and is expected to close in the second quarter of 2011, subject to the satisfaction of customary closing conditions, including the approval of Answers.com stockholders and receipt of regulatory clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.



UBS Investment Bank is acting as exclusive financial advisor and Kramer, Levin, Naftalis & Frankel, LLC as legal advisor to Answers.com. Jefferies & Company, Inc. is serving as financial advisor and Wilson Sonsini Goodrich & Rosati, Professional Corporation as legal advisor to AFCV Holdings.



About Answers



Answers Corporation (NASDAQ:ANSW - News) owns and operates Answers.com, the leading Q&A site. Answers.com is a community-generated social knowledge Q&A platform, leveraging wiki-based technologies. Through the contributions of its large and growing community, answers are improved and updated over time. The award-winning Answers.com also includes content on millions of topics from over 250 licensed dictionaries and encyclopedias from leading publishers, including Houghton Mifflin, Barron's and Encyclopedia Britannica. The site supports English, French, Italian, German, Spanish, and Tagalog (Filipino). (answ-f)



Answers.com is a trademark of Answers Corporation. All other marks belong to their respective owners.



About AFCV Holdings, LLC



AFCV Holdings, LLC, a portfolio company of growth equity investor Summit Partners, was established in 2007 to build, acquire, and operate a broad range of independent Internet technologies, businesses, and resources that connect consumers seeking advice with the most relevant and comprehensive content from both experts and consumer communities.



Additional Information and Where to Find It



Answers.com intends to file with the Securities and Exchange Commission a preliminary proxy statement and a definitive proxy statement and other relevant materials in connection with the merger. The definitive proxy statement will be sent or given to the stockholders of Answers.com. Before making any voting or investment decision with respect to the merger, stockholders are urged to read the proxy statement and the other relevant materials when they become available because they will contain important information about the merger. The proxy statement and other relevant materials (when they become available), and any other documents filed by Answers.com with the SEC, may be obtained free of charge at the SEC's website at www.sec.gov or at Answers’ website at http://ir.answers.com/sec.cfm. In addition, stockholders may obtain free copies of the documents filed with the SEC by contacting The Blueshirt Group at (212) 551-1453.



Participants in the Solicitation



Answers.com and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Answers.com in connection with the merger. Information about the directors and executive officers of Answers.com is set forth in its proxy statement on Schedule 14A filed with the SEC on July 27, 2010 and Answers.com’s Annual Report on Form 10-K filed on March 8, 2010 and subsequent amendments. Additional information regarding the interests of participants in the solicitation of proxies in connection with the merger will be included in the proxy statement that Answers.com intends to file with the SEC.



Forward-looking Statements



This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties with respect to the consummation of the transaction. Such risks include the failure to satisfy the conditions of the proposed transaction, including failure to obtain the required approvals of Answers.com stockholders or certain third party consents and certain adverse changes to the business of Answers.com as a result of factors detailed from time to time in reports filed with the SEC; the failure of the committed financing for the transaction; and potential litigation risks.








Contact:
For Answers.com:Investors:The Blueshirt GroupBrinlea Johnson, 212-551-1453Brinlea@blueshirtgroup.comorPress:Horn GroupKarl Pawlewicz, 646-202-9778kpawlewicz@horngroup.comorFor AFCV Holdings, LLC:ICRMichael Fox, 203-682-8218Michael.Fox@icrinc.com

This company was just waiting for another catalyst to send it into the pennies. Unaduited, negative financials seem to have that effect.

This big internet company is still filing unaudited financials?

Still watching positionless...

I just hate how it trades.

Answ should be trading at least in the 100 million range.

Here's another really super duper informative answer from 2 days ago. So glad they asked.

Maybe they should change their name to "we have no freaking idea dot com"?

How did the Oscar get its name? There are a few stories as to how the Academy Award statuette came to be called Oscar:
? Margaret Herrick, the librarian and executive director of the Academy of Motion Picture Arts and Sciences, said that the statuette reminded her of her Uncle Oscar.
? Bette Davis claimed she noted aloud the resemblance of Oscar's backside to that of her husband, Harmon Oscar Nelson.
? The first documented mention of the name was in 1934, when columnist Sidney Skolsky referred to Katharine Hepburn's first Best Actress Oscar. He says he was tired of writing "the Golden Statue of the Academy," and fell back on the name Oscar from an old vaudeville joke he had heard.
However it got its name, the movie industry's most famous trophy will be awarded tonight to this year's winners, as ABC-TV broadcasts the 82nd Academy Awards. Steve Martin and Alec Baldwin, co-stars of the romantic comedy It's Complicated, will co-host the show.

I didn't short it, just said it looked like a good time to short. It wasn't. Big deal.

It's not a good company, it's not a good business model, and time will prove that correct.

Nah, nobody is interested in "answers dot com" except as it shows up in internet search results for no reason, with useless information, and consistently quoting wikipedia.

Anybody who thinks people are interested in asking questions and getting answers from teenagers who get points for them is seriously wrong in the head.

Here's today's "Answer of the day".

It's "Do vampires really exist? Are they one more thing to worry about?" LOL well I guess stupid people gravitate to stupidity.

http://www.answers.com/topic/wednesday-march-10-2010-from-today-s-highlights-archive

Answer of the Day
Do vampires really exist? Are they one more thing to worry about? It depends on whom you ask. Vampires have long been a part of the folklore of certain areas, particularly in parts of Eastern Europe. Made famous in modern times by Bram Stoker's Dracula, vampires were betrayed as horrific characters who terrorized the townspeople, rising at night to suck the blood of their victims, thus turning the victims into vampires, too. Stories also exist of people having witnessed the aftermath of a vampire attack. Nowadays, books, movies and TV are filled with vampires and werewolves, and some, such as Twilight's Edward Cullen, are even sympathetic characters. On this date in 1997, Buffy the Vampire Slayer premiered on TV, mixing wit, teenage angst and B-movie drama in a popular series about a high-school student who is chosen to slay the vampires that inhabit her town.
Quote
"I have never met a vampire personally, but I don't know what might happen tomorrow." — Bela Lugosi

^^^^

And here's a good one, the first link below the article under "Learn More":

How are you this wednesday?
In: Calendar [Edit categories]

NJ Children's Museum
Fabulous Class Trip Perfect for Daycare thru 1st Grade
www.njcm.com


[Improve]
Thank you for asking. I am dying slowly with emphysema.

Edmonton Fringe Festival

Looks like ANSW has been exploding north ever since this bottom-marking post...

Posted by: ChangeDirector Date: Tuesday, March 02, 2010 6:33:49 PM
In reply to: mrgreyshoes who wrote msg# 2028 Post # of 2030

I was gonna say yesterday looked like a good time to short, and apparently I was right. This stock is nothing without Lebed in it. Tomorrow probably is also.

What has Wiki done lately to help their RPM's. Is the non U.S. content working well. Thanks in advance.

I was gonna say yesterday looked like a good time to short, and apparently I was right. This stock is nothing without Lebed in it. Tomorrow probably is also.

Man, I used to trade this stock all the time. I never bought into the homerun potential story though. Just checked it out after 5 or 6 months and it's still about the same price What a great story. Traffic, social networking, great Wiki site, Q&A growing etc. And they still can't make any real money. What a shame. But, you have to admit both sites are pretty cool. Probably will get bought after Facebook finally goes public,but who has time to watch paint dry.

Gotta love ANSW.

Posted by: ChangeDirector Date: Friday, June 19, 2009 11:23:57 AM
In reply to: oldherder who wrote msg# 1994 Post # of 2024

ANSW will be at 62 cents within 62 days.

Posted by: ChangeDirector Date: Friday, June 20, 2008 8:45:29 PM
In reply to: None Post # of 2024

Well I'd say this is holding under 4.00 quite well. Must be due to the advanced Financing 101 analysis of the company. Very accurate.

Amazing to see this stock waffle into its decline. Anybody who watches it could see the slow and steady tank. What a mistake to buy in at any time. The only reason this stock ever went up was from a pump and dump, and that's all over.

I get them in search results all the time. "Hey, what is the best way to steam broccoli?"

"Well, heat some hot water in a basket, put the broccoli on top, put on a cover and wait 6 minutes and it's done!"

The internet is WAY over that kinda BS.

7.85 after that big run to 11.00 is getting closer and closer to zero, yes. I guarantee you that his company will go out of business in the not too distant future.

LMFAO!!!

I thought this was going to zero. Apparently not, huh?

Answers.com’s WikiAnswers Ranked 2nd Fastest Growing U.S. Domain in 2009

Answers Corporation (NASDAQ: ANSW), creators of the leading answer engine Answers.com®, which includes the properties WikiAnswers® and ReferenceAnswers™, announced today that according to comScore data (comScore, U.S. top 50 Web Domains Report, December 2008 vs. December 2009 by % change), WikiAnswers’ unique monthly visitor count in the U.S. grew 74%(*). This ranks WikiAnswers as the 2nd fastest growing domain in 2009, second only to Facebook.com, of the top 50 U.S. domains in December 2008.

“The solid results for the quarter and full year we reported on Monday are primarily a consequence of the considerable growth generated by WikiAnswers, our community-driven Q&A platform,” remarked Robert S. Rosenschein, Chairman and CEO of Answers.com. “The site’s unique self- reinforcing growth coupled with the efforts of the entire Answers.com team, have once again brought Answers.com to the culmination of a very successful year.” * comScore information based on panel-only data for comparisons of growth.

About Answers Corporation Answers Corporation (NASDAQ: ANSW) owns and operates Answers.com, the leading Q&A site, which includes WikiAnswers and ReferenceAnswers. The site supports English, French, Italian, German, Spanish, and Tagalog (Filipino). WikiAnswers is a community-generated social knowledge Q&A platform, leveraging wiki-based technologies. Through the contributions of its large and growing community, answers are improved and updated over time. The award-winning ReferenceAnswers includes content on millions of topics from over 250 licensed dictionaries and encyclopedias from leading publishers, including Houghton Mifflin, Barron's and Encyclopedia Britannica. (answ-g) For investor information, visit http://ir.answers.com.

Follow www.Answers.com on Twitter as http://twitter.com/answersdotcom.

WILC here is why we buy it!

G. Willi-Food International is Israel’s largest food importer, and a single-source supplier of the world’s most extensive range of quality Kosher food products.


Value Proposition
The consumer foods sector trades at an average P/E of 15. The Company has reported $6.7 Million in Net Income for the first nine (9) months of fiscal 2009. The Company expects net income of $9 Million for Fiscal 2009. The current Forward P/E is 6. If the stock trades at a 15 P/E based on fiscal 2009 projected earnings, the stock could trade at $15.00, based on 9.7 Million shares outstanding. With continued growth and expansion into the U.S. sector, the Company should generate revenue and earnings growth of a minimum of 25% in fiscal 2010.


Overview

The Company’s current product list includes some 400 food products produced especially for Willi-Food by some 100 first-tier, top quality food manufacturers and suppliers throughout the world. These products are known for their uncompromising high quality and adherence to an unmatched standard of rabbinical supervision. Willi-Food enjoys exclusive rights to distribute many of the products that it carries in Israel, the US and Europe.

The march toward 0 continues.

LOL

has it been six months already :)

may want to go double or nothing lol

6 months later.....is ANSW a pinksheet yet?

Posted by: ChangeDirector Date: Tuesday, April 21, 2009 10:54:53 PM
In reply to: just_an_ant who wrote msg# 1970 Post # of 2012

Yep, just like I said, in 6 months this will be a pinksheet.:)

ANSW smashed a fresh 2 year high today....

Posted by: ChangeDirector Date: Friday, June 19, 2009 11:23:57 AM
In reply to: oldherder who wrote msg# 1994 Post # of 2011

ANSW will be at 62 cents within 62 days.

Nope, haven't been following this one at all except for once a day checking the latest traffic just because I'm curious. Good luck with your short, I hope you make a killing.

Did anyone here see all those insiders form 4's. I wonder why they all exercised options now? Over 172,000 shares. Think about it. Would you exercise an option if you belived the S/P was heading up. Not me. IMO, a great short here.

Looks like they're back to all time record traffic now that school is back in session.

And again this week? This is the CFO!

As 2 those after-hours sells. A poster, on Yahoo, suggested that Lebed had dumped his holdings. Could be, I know he pumped this pos.

At lest 4 large trades after hours. Last count I have was 32,500 all at $8.00. Someone has the right idea. Bad news? Maybe a insider? Who the hell knows!

Did U'all see Steve Steinburg's sells this week? Sold at $8.06. Humm

..................

Interesting that traffic is holding up through the seasonally slow summer.

1 pm edt, 500 shares traded, and DOWN again.

And of course, Dilution

As readers here know I'm now short answ. The reason; "Bing"! OH

Yahoo board says answ was added to the russell micocap. Can anyone varify that?

thanks

"credibility".

Ya, like you have any creditability.

ANSW will be at 62 cents within 62 days.

The guys at Yahoo are talking about more dilution. If I read it right, 2.9 millon. For a total of 10.9 millon.

Of course, this down turn coukd be becouse of the 1.3 millon share dilution. Or, maybe the "P/E"?