Compaq Reduces Purchase Offer

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Compaq Computer Corp., the Houston-based computer giant, has lowered its previously reported offer to acquire Shopping.com to $18.25 per share, from $19 per share. Compaq said it negotiated the revised offer after "the disclosure by Shopping.com of additional information, including information regarding the number of shares of common stock and convertible securities outstanding." The revised offer has been endorsed by the board of directors of Shopping.com, Corona del Mar, CA, a fledgling online commerce company.
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