Digital Impact yesterday publicly rebuffed infoUSA's hostile takeover attempt in the form of a $2.00 per share unsolicited tender offer. A company statement described infoUSA's offer as
"financially inadequate and not in the best interests of Digital Impact's stockholders." The company is recommending that shareholders take no action regarding infoUSA's offer, which is set
to expire at midnight on March 23. Credit Suisse First Boston, representing Digital Impact, told the board of directors last week that the offer was inadequate. Digital Impact also adopted an
anti-takeover "poison pill" provision.
-- G. O.