CNET News: Mandrakesoft in $7.3 Million Stock Sell-Off

“Shareholders of Mandrakesoft have approved a stock sale to
raise as much as $7.3 million, a move that should make it easier
for the Paris-based Linux seller to pursue its acquisition
strategy.

“A vote on Monday approved the sale of up to 1 million shares at
6 euros, or $7.31, per share, Mandrakesoft said in a statement
Thursday. The company’s stock was valued at 5.69 euros, or $6.93,
on Thursday…”

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