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Trulia Inc Completes Acquisition Of Market Leader, Inc-Form 8-K

Wednesday, 21 Aug 2013 06:01am EDT 

Trulia Inc reported in its Form 8-K that On August 20, 2013, it has completed its previously announced acquisition of Market Leader, Inc. (Market Leader) pursuant to that certain Agreement and Plan of Merger, dated May 7, 2013, by and among Trulia, Mariner Acquisition Corp., a wholly owned subsidiary of Trulia (Merger Sub), and Market Leader (the Merger Agreement). Trulia‚Äôs acquisition of Market Leader was for approximately $170,476,086 in cash and approximately 5,340,365 newly issued shares of Company common stock, par value $0.00001 per share (Company Common Stock). In connection with the merger substantially all of the stock options, stock appreciation rights and restricted stock units of Market Leader were converted into stock options, stock appreciation rights and restricted stock units, respectively, denominated in shares of Company Common Stock based on formulas set forth in the Merger Agreement. 

Company Quote

2.68 +6.11%
2:22pm EDT