Friday, December 08, 2006

UPDATE: Catalina Marketing (POS) Higher on Sale Report

UPDATE: A report from Reuters suggests Catalina Marketing (NYSE: POS) has hired Goldman Sachs to explore a sale of the company after it attracted private equity offers in the $30 per share range.
According to the report, which cited unnamed sources, six private equity firms were looking at the company.
Catalina Marketing offers behavior-based marketing programs for companies.
Shares of Catalina Marketing quickley rose 16% to $28.30 following the initial reports.



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