DoubleClick Weighs Sale, Other Strategic Options

  • November 1, 2004
Days after warning that its fourth quarter earnings would miss the estimates of Wall Street analysts, DoubleClick Sunday said it retained Lazard Frères & Co. to explore "strategic options" including a potential sale of the company. Other options being weighed include recapitalization, extraordinary dividend, share repurchase, or a spin-off. Following its weaker-than-expected fourth quarter guidance, DoubleClick's stock price tumbled to close Friday at $6.36 per share, giving it a market capitalization of $806 million, according to Yahoo! Finance.
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