An CDNOW - Aktionäre - 500 Beiträge pro Seite

[Initiative2000]

Auf dem Amerikanischen Board Ragingbull
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=…
und yahoo
http://messages.yahoo.com/?action=q&board=CDNW
wird kräftig über die Übernahme von Bertelsmann diskutiert. Sie halten das Übernahmeangebot von 3US$ = z.Z. 3,19 € für zu gering. Sie werfen den Olims ( Firmengründer, 17% Anteil) vor, nicht das beste Angebot für die Aktionäre der angeblichen 24 Bieter angenommen zu haben.
Etliche Poster erwägen der Übernahme nicht zuzustimmen oder gar die Übernahme durch eine Klage zu verhindern. Die Rolle von C.Slim, mit 9,2% Anteil beteiligt, der sich durchschnittlich bei $17.43 eingekauft hat, ist noch nicht geklärt.
Persönlich halte ich dieses Angebot auch für zu gering, bin bei 3,50 € wieder eingestiegen.

Bertelsmann am 5.7.:
http://www.wallstreetonline.de/community/board2/ws/thread/17…

Bertelsmann-Chef Thomas Middelhoff will die Marktposition des Gütersloher Medienkonzerns im Musikgeschäft ausweiten. Bertelsmann wolle entweder ein Label oder einem Musikclub im Internet kaufen, sagte Middelhoff in einem am Mittwoch vorab veröffentlichten Interview des Magazins «stern». Darüber hinaus plane Bertelsmann weitere Firmenkäufe. «Weil einige Börsenträume platzen werden», werde es auch in anderen Bereichen in den kommenden Monaten in den USA und in Deutschland Möglichkeiten zu sinnvollen Zukäufen geben, sagte Midddelhoff. Namen nannte er nicht. Eine komplette Fusion von Bertelsmann mit einem anderen Medienkonzern schloss Middelhoff aus: «Wir sind allein stark genug». Für den Herbst kündigte Middelhoff ein neues E-Commerce-Angebot im Musikbereich an. Auch bei den Buchclubs setzte Bertelsmann auf E-Commerce.

Auch wenn die Firma sich dem Konkurs nähert, so bin ich der Meinung, daß die Brandmarke CDNOW ( hoher Bekanntheitsgrad in den USA) einen Bonus für die Aktienbesitzer wert ist.

Bertelsmann will 100%
http://www.sec.gov/Archives/edgar/data/1078887/0001078887-00…
....
Under the agreement, Bertelsmann will commence a tender offer for all CDNOW
common stock for $3.00 per share in cash. Following the completion of the tender
offer, Bertelsmann intends to consummate a second-step merger in which all
remaining CDNOW shareholders will receive the same cash price paid in the tender
offer. The transaction is expected to close during the fall of 2000.
....

Mich interessiert wieviele CDNOW-Aktionäre es in diesem Board gibt, bei welchen Kursen sie eingestiegen sind und was ihre Ansichten zu der Übernahme sind.

Ciao
I2000

[Initiative2000]

Bin ich der einzige CDNOW-Aktionär ???

[Initiative2000]

Guten Abend,

sollte alle CDNOW-Aktionäre interessieren.

Hier werden die Modalitäten der Übernahme beschrieben:

http://primezone.finsys.com/edgar_conv_html%5C2000%5C07%5C26…

Bertelsmann beabsichtigt die Schulden 42 Mill. in neue Aktien zu 1,50$ umzuwandeln und beantragt eine Aussnahme der Richtlinien.

http://primezone.finsys.com/edgar_conv_html%5C2000%5C07%5C26…

....
The rules of the Nasdaq National Market, where shares of CDNOW are traded, generally require shareholder approval prior to the issuance of common stock (or securities convertible into common stock) representing 20% or more of the outstanding common stock of an issuer. The Nasdaq rules provide an exception if the delay in obtaining shareholder approval would seriously jeopardize the financial viability of the enterprise, so long as the audit committee or a similar body expressly approves reliance on the exception and shareholders are provided 10 days written notice prior to issuance of the securities. CDNOW`s board of directors unanimously approved reliance upon this exception, and CDNOW`s application to do so is awaiting approval by Nasdaq.

At any time after the expiration of 10 days following the mailing of this Statement, Bertelsmann may convert the loans into shares of CDNOW common stock at a price of $1.50 per share
...

[Benchm]

Hallo Initiave2000
ich bin auch auf die Geschichte eingestiegen....aber bei 3,13 ich hoffe, daß es mal abgeht - sonst akzeptiere ich die Übernahme (aber nicht zu 3US$)

Gruß an alle
benchm

[Initiative2000]

Hallo,

Die Vereinigten Staten von Amerika gegen CDNOW

falls ich Ihr nicht bei Companysleuth registriert seit funktioniert der Link wahrscheinlich nicht.

http://www.company.sleuth.com/tab-reports.cfm?ticker=CDNW&mo…

Aber die Amis waren so nett den kompletten Text in den Boards zu kopieren.

http://messages.yahoo.com/bbs?.mm=FN&action=m&board=8728962&…

USA v. Cdnow, Inc

US District Court Civil Docket

US District Court for the Eastern District of Pennsylvania
(Philadelphia)

2:00cv3795

USA v. Cdnow, Inc, et al

United States of America
PLAINTIFF

John N Joseph
[COR LD NTC]
Assistant US Attorney
615 Chestnut Street Suite 1250
Philadelphia PA, 19106-4476
USA
Tel [phone] Fax [phone]

Elizabeth Stein
[COR LD NTC]
US Dept of Justice Office of Consumer
Litigation Civil Division
Washington DC, 20530
USA

v.

Cdnow, Inc
DEFENDANT

Cdnow Online, Inc
DEFENDANT

Date Filed: 7/26/00
Class Code: f-STND
Assigned to: Judge Thomas N O`Neill, Jr

7/26/00 Complaint. (dab) [Entry date 07/27/00]
7/26/00 Summons(es) issued, 2 originals Forwarded to: Counsel 07/27/00 (dab) [Entry date 07/27/00]
7/27/00 Standard Case Management Track. (dab) [Entry date 07/27/00

Nature of Suit: Other Statutory Actions (890)
Cause: Federal Trade Commission Act
Statute: 15:0045 (as follows)

Sec. 45. Unfair methods of competition unlawful; prevention by Commission

(a) Declaration of unlawfulness; power to prohibit unfair practices; inapplicability to foreign trade
(1) Unfair methods of competition in or affecting commerce, and unfair or deceptive acts or practices in or affecting
commerce, are hereby declared unlawful.
(2) The Commission is hereby empowered and directed to prevent persons, partnerships, or corporations, except
banks, savings and loan institutions described in section 57a(f)(3) of this title, Federal credit unions described in
section 57a(f)(4) of this title, common carriers subject to the Acts to regulate commerce, air carriers and foreign air
carriers subject to part A of subtitle VII of title 49, and persons, partnerships, or corporations insofar as they are
subject to the Packers and Stockyards Act, 1921, as amended (7 U.S.C. 181 et seq.), except as provided in section
406(b) of said Act (7 U.S.C. 227(b)), from using unfair methods of competition in or affecting commerce and unfair
or deceptive acts or practices in or affecting commerce.
(3) This subsection shall not apply to unfair methods of competition involving commerce with foreign nations (other
than import commerce) unless -
(A) such methods of competition have a direct, substantial, and
reasonably foreseeable effect -
(i) on commerce which is not commerce with foreign nations,
or on import commerce with foreign nations; or
(ii) on export commerce with foreign nations, of a person
engaged in such commerce in the United States; and
(B) such effect gives rise to a claim under the provisions of
this subsection, other than this paragraph. If this subsection applies to such methods of competition only
because of the operation of subparagraph (A)(ii), this subsection shall apply to such conduct only for
injury to export business in the United States.

(b) Proceeding by Commission; modifying and setting aside orders
Whenever the Commission shall have reason to believe that any such person, partnership, or corporation has been or is using
any unfair method of competition or unfair or deceptive act or practice in or affecting commerce, and if it shall appear to the
Commission that a proceeding by it in respect thereof would be to the interest of the public, it shall issue and serve upon such
person, partnership, or corporation a complaint stating its charges in that respect and containing a notice of a hearing upon a
day and at a place therein fixed at least thirty days after the service of said complaint. The person, partnership, or
corporation so complained of shall have the right to appear at the place and time so fixed and show cause why an order
should not be entered by the Commission requiring such person, partnership, or corporation to cease and desist from the
violation of the law so charged in said complaint. Any person, partnership, or corporation may make application, and upon
good cause shown may be allowed by the Commission to intervene and appear in said proceeding by counsel or in person.
The testimony in any such proceeding shall be reduced to writing and filed in the office of the Commission. If upon such
hearing the Commission shall be of the opinion that the method of competition or the act or practice in question is prohibited
by this subchapter, it shall make a report in writing in which it shall state its findings as to the facts and shall issue and cause to
be served on such person, partnership, or corporation an order requiring such person, partnership, or corporation to cease
and desist from using such method of competition or such act or practice. Until the expiration of the time allowed for filing a
petition for review, if no such petition has been duly filed within such time, or, if a petition for review has been filed within
such time then until the record in the proceeding has been filed in a court of appeals of the United States, as hereinafter
provided, the Commission may at any time, upon such notice and in such manner as it shall deem proper, modify or set
aside, in whole or in part, any report or any order made or issued by it under this section. After the expiration of the time
allowed for filing a petition for review, if no such petition has been duly filed within such time, the Commission may at any
time, after notice and opportunity for hearing, reopen and alter, modify, or set aside, in whole or in part any report or order
made or issued by it under this section, whenever in the opinion of the Commission conditions of fact or of law have so
changed as to require such action or if the public interest shall so require, except that (1) the said person, partnership, or
corporation may, within sixty days after service upon him or it of said report or order entered after such a reopening, obtain a
review thereof in the appropriate court of appeals of the United States, in the manner provided in subsection (c) of this
section; and (2) in the case of an order, the Commission shall reopen any such order to consider whether such order
(including any affirmative relief provision contained in such order) should be altered, modified, or set aside, in whole or in
part, if the person, partnership, or corporation involved files a request with the Commission which makes a satisfactory
showing that changed conditions of law or fact require such order to be altered, modified, or set aside, in whole or in part.
The Commission shall determine whether to alter, modify, or set aside any order of the Commission in response to a request
made by a person, partnership, or corporation under paragraph [1] (2) not later than 120 days after the date of the filing of
such request.

(c) Review of order; rehearing
Any person, partnership, or corporation required by an order of the Commission to cease and desist from using any method
of competition or act or practice may obtain a review of such order in the court of appeals of the United States, within any
circuit where the method of competition or the act or practice in question was used or where such person, partnership, or
corporation resides or carries on business, by filing in the court, within sixty days from the date of the service of such order, a
written petition praying that the order of the Commission be set aside. A copy of such petition shall be forthwith transmitted
by the clerk of the court to the Commission, and thereupon the Commission shall file in the court the record in the
proceeding, as provided in section 2112 of title 28. Upon such filing of the petition the court shall have jurisdiction of the
proceeding and of the question determined therein concurrently with the Commission until the filing of the record and shall
have power to make and enter a decree affirming, modifying, or setting aside the order of the Commission, and enforcing the
same to the extent that such order is affirmed and to issue such writs as are ancillary to its jurisdiction or are necessary in its
judgement to prevent injury to the public or to competitors pendente lite. The findings of the Commission as to the facts, if
supported by evidence, shall be conclusive. To the extent that the order of the Commission is affirmed, the court shall
thereupon issue its own order commanding obedience to the terms of such order of the Commission. If either party shall
apply to the court for leave to adduce additional evidence, and shall show to the satisfaction of the court that such additional
evidence is material and that there were reasonable grounds for the failure to adduce such evidence in the proceeding before
the Commission, the court may order such additional evidence to be taken before the Commission and to be adduced upon
the hearing in such manner and upon such terms and conditions as to the court may seem proper. The Commission may
modify its findings as to the facts, or make new findings, by reason of the additional evidence so taken, and it shall file such
modified or new findings, which, if supported by evidence, shall be conclusive, and its recommendation, if any, for the
modification or setting aside of its original order, with the return of such additional evidence. The judgment and decree of the
court shall be final, except that the same shall be subject to review by the Supreme Court upon certiorari, as provided in
section 1254 of title 28.

(d) Jurisdiction of court
Upon the filing of the record with it the jurisdiction of the court of appeals of the United States to affirm, enforce, modify, or
set aside orders of the Commission shall be exclusive.

(e) Exemption from liability
No order of the Commission or judgement of court to enforce the same shall in anywise relieve or absolve any person,
partnership, or corporation from any liability under the Antitrust Acts.

(f) Service of complaints, orders and other processes; return
Complaints, orders, and other processes of the Commission under this section may be served by anyone duly authorized by
the Commission, either (a) by delivering a copy thereof to the person to be served, or to a member of the partnership to be
served, or the president, secretary, or other executive officer or a director of the corporation to be served; or (b) by leaving
a copy thereof at the residence or the principal office or place of business of such person, partnership, or corporation; or (c)
by mailing a copy thereof by registered mail or by certified mail addressed to such person, partnership, or corporation at his
or its residence or principal office or place of business. The verified return by the person so serving said complaint, order, or
other process setting forth the manner of said service shall be proof of the same, and the return post office receipt for said
complaint, order, or other process mailed by registered mail or by certified mail as aforesaid shall be proof of the service of
the same.

(g) Finality of order
An order of the Commission to cease and desist shall become final -
(1) Upon the expiration of the time allowed for filing a
petition for review, if no such petition has been duly filed
within such time; but the Commission may thereafter modify or set
aside its order to the extent provided in the last sentence of
subsection (b).
(2) Except as to any order provision subject to paragraph (4),
upon the sixtieth day after such order is served, if a petition
for review has been duly filed; except that any such order may be
stayed, in whole or in part and subject to such conditions as may
be appropriate, by -
(A) the Commission;
(B) an appropriate court of appeals of the United States, if
(i) a petition for review of such order is pending in such
court, and (ii) an application for such a stay was previously
submitted to the Commission and the Commission, within the
30-day period beginning on the date the application was
received by the Commission, either denied the application or
did not grant or deny the application; or
(C) the Supreme Court, if an applicable petition for
certiorari is pending.
(3) For purposes of subsection (m)(1)(B) of this section and of
section 57b(a)(2) of this title, if a petition for review of the
order of the Commission has been filed -
(A) upon the expiration of the time allowed for filing a
petition for certiorari, if the order of the Commission has
been affirmed or the petition for review has been dismissed by
the court of appeals and no petition for certiorari has been
duly filed;
(B) upon the denial of a petition for certiorari, if the
order of the Commission has been affirmed or the petition for
review has been dismissed by the court of appeals; or
(C) upon the expiration of 30 days from the date of issuance
of a mandate of the Supreme Court directing that the order of
the Commission be affirmed or the petition for review be
dismissed.

(4) In the case of an order provision requiring a person,
partnership, or corporation to divest itself of stock, other
share capital, or assets, if a petition for review of such order
of the Commission has been filed -
(A) upon the expiration of the time allowed for filing a
petition for certiorari, if the order of the Commission has
been affirmed or the petition for review has been dismissed by
the court of appeals and no petition for certiorari has been
duly filed;
(B) upon the denial of a petition for certiorari, if the
order of the Commission has been affirmed or the petition for
review has been dismissed by the court of appeals; or
(C) upon the expiration of 30 days from the date of issuance
of a mandate of the Supreme Court directing that the order of
the Commission be affirmed or the petition for review be
dismissed.
(h) Modification or setting aside of order by Supreme Court
If the Supreme Court directs that the order of the Commission be modified or set aside, the order of the Commission
rendered in accordance with the mandate of the Supreme Court shall become final upon the expiration of thirty days from the
time it was rendered, unless within such thirty days either party has instituted proceedings to have such order corrected to
accord with the mandate, in which event the order of the Commission shall become final when so corrected.

(i) Modification or setting aside of order by Court of Appeals
If the order of the Commission is modified or set aside by the court of appeals, and if (1) the time allowed for filing a petition
for certiorari has expired and no such petition has been duly filed, or (2) the petition for certiorari has been denied, or (3) the
decision of the court has been affirmed by the Supreme Court, then the order of the Commission rendered in accordance
with the mandate of the court of appeals shall become final on the expiration of thirty days from the time such order of the
Commission was rendered, unless within such thirty days either party has instituted proceedings to have such order corrected
so that it will accord with the mandate, in which event the order of the Commission shall become final when so corrected.
(j) Rehearing upon order or remand
If the Supreme Court orders a rehearing; or if the case is remanded by the court of appeals to the Commission for a
rehearing, and if (1) the time allowed for filing a petition for certiorari has expired, and no such petition has been duly
filed, or (2) the petition for certiorari has been denied, or (3) the decision of the court has been affirmed by the
Supreme Court, then the order of the Commission rendered upon such rehearing shall become final in the same
manner as though no prior order of the Commission had been rendered.

(k) ``Mandate`` defined
As used in this section the term ``mandate``, in case a mandate has been recalled prior to the expiration of thirty days
from the date of issuance thereof, means the final mandate.
(l) Penalty for violation of order; injunctions and other
appropriate equitable relief
Any person, partnership, or corporation who violates an order of the Commission after it has become final, and while
such order is in effect, shall forfeit and pay to the United States a civil penalty of not more than $10,000 for each
violation, which shall accrue to the United States and may be recovered in a civil action brought by the Attorney
General of the United States. Each separate violation of such an order shall be a separate offense, except that in a
case of a violation through continuing failure to obey or neglect to obey a final order of the Commission, each day of
continuance of such failure or neglect shall be deemed a separate offense. In such actions, the United States district
courts are empowered to grant mandatory injunctions and such other and further equitable relief as they deem
appropriate in the enforcement of such final orders of the Commission.
(m) Civil actions for recovery of penalties for knowing violations
of rules and cease and desist orders respecting unfair or
deceptive acts or practices; jurisdiction; maximum amount of
penalties; continuing violations; de novo determinations;
compromise or settlement procedure
(1)
(A) The Commission may commence a civil action to recover a civil penalty in a district court of the United
States against any person, partnership, or corporation which violates any rule under this chapter respecting
unfair or deceptive acts or practices (other than an interpretive rule or a rule violation of which the Commission
has provided is not an unfair or deceptive act or practice in violation of subsection (a)(1) of this section) with
actual knowledge or knowledge fairly implied on the basis of objective circumstances that such act is unfair or
deceptive and is prohibited by such rule. In such action, such person, partnership, or corporation shall be liable
for a civil penalty of not more than $10,000 for each violation.
(B) If the Commission determines in a proceeding under subsection (b) of this section that any act or practice is
unfair or deceptive, and issues a final cease and desist order, other than a consent order, with respect to such
act or practice, then the Commission may commence a civil action to obtain a civil penalty in a district court of
the United States against any person, partnership, or corporation which engages in such act or practice -
(1) after such cease and desist order becomes final (whether or
not such person, partnership, or corporation was subject to such
cease and desist order), and
(2) with actual knowledge that such act or practice is unfair
or deceptive and is unlawful under subsection (a)(1) of this
section. In such action, such person, partnership, or corporation shall be liable for a civil penalty of not more than
$10,000 for each violation.
(C) In the case of a violation through continuing failure to comply with a rule or with subsection (a)(1) of this
section, each day of continuance of such failure shall be treated as a separate violation, for purposes of
subparagraphs (A) and (B). In determining the amount of such a civil penalty, the court shall take into account
the degree of culpability, any history of prior such conduct, ability to pay, effect on ability to continue to do
business, and such other matters as justice may require.

(2) If the cease and desist order establishing that the act or practice is unfair or deceptive was not issued against the
defendant in a civil penalty action under paragraph (1)(B) the issues of fact in such action against such defendant shall
be tried de novo. Upon request of any party to such an action against such defendant, the court shall also review the
determination of law made by the Commission in the proceeding under subsection (b) of this section that the act or
practice which was the subject of such proceeding constituted an unfair or deceptive act or practice in violation of
subsection (a) of this section.
(3) The Commission may compromise or settle any action for a civil penalty if such compromise or settlement is
accompanied by a public statement of its reasons and is approved by the court.
(n) Standard of proof; public policy consideration
The Commission shall have no authority under this section or section 57a of this title to declare unlawful an act or practice on
the grounds that such act or practice is unfair unless the act or practice causes or is likely to cause substantial injury to
consumers which is not reasonably avoidable by consumers themselves and not outweighed by countervailing benefits to
consumers or to competition. In determining whether an act or practice is unfair, the Commission may consider established
public policies as evidence to be considered with all other evidence. Such public policy considerations may not serve as a
primary basis for such determination.

*** end ***

???????

[seeffe]

am heutigen Tage bekam ich von Consors ein Schreiben zur anstehenden Übernahme mit dem bis zum 22.08
befristeten Angebot von 3$ p.St..

Wie ist eure meinung dazu? Ich tendiere dahin das ich es nicht annehmen werde, in der hoffnung das die
Binc Asquisition Corp. ( Bertelsmann Tochter ) die 51% im Amiland zusammen bekommt.

sekt oder selters!!!!!

[Mering]

Ich bin vor einigen Monaten bei CD NOW bei 5,30 EUR eingestiegen. Mir dreht sich der Magen um, wenn ich daran denke, daß man jetzt nur noch 3 EUR bekommt. Wie geht es nun weiter, wenn Bertelsmann CD NOW übernimmt, da ich von so einer Aktion noch nicht betroffen war und nicht den großen Durchblick habe.
Bin auf jedes Statement dankbar.
Gruß aus der Weltstadt mit Herz

[Initiative2000]

Hallo,

auf jeden Fall haben wir bis zum 21.8. Zeit. Danach folgt ja ein weiteres Angebot. Und es kann noch einiges geschehen.
Nochmal dir URL für die Modalitäten:
http://primezone.finsys.com/edgar_conv_html/2000/07/26/16/00…

das habe ich noch im Text gefunden
....
Will the offer be followed by a merger if all CDnow shares are not tendered in the offer?
Yes. If the offer is consummated, BINC will be merged into CDnow. If that merger takes place, Bertelsmann will own all of the shares of CDnow and all remaining public shareholders (other than shareholders properly exercising dissenters` rights) will receive $3.00 per share (or any other higher price per share that is paid in the offer) in cash.

[Benchm]

moin moin
bin bei 3,13 rein, hoffe aber, daß BINC ihre %e nicht zusammenbekommt, ich wünsche allen einen schönen ssv am neuen markt....

gruß

[seeffe]

@benchm

wenn du bei 3,13 rein bist sieht es für dich aufgrund der $ lage doch gut aus. momentan bei 2,16dm
rechne dir das mal durch, ein kleines plus sollte für dich überbleiben da die übernahme deiner aktien
frei bleibt von börsenspesen im amiland.

was wird passieren wenn die nicht die mehrheit bekommen?? neues angebot??
außerdem stellt sich die frage ob cdnow, wenn die übernahme platzen sollte, noch in der lage
ist einen anderen zu finden???

sekt oder selters?????

was ist dir lieber

[Benchm]

tach auch
ich denke ich werde das angebot bei starkem $ annehmen, denn so bin ich fast on the safe side.....
und ob sich da noch mal jemand erbarmt so eine firma zu schlucken ???
ich weiß nicht....

schönes wochenende und eine bessere börsenwoche ab montag
gruß

[Benchm]

vergessen: wollen die banken jetzt jeden tag eine mitteilung schicken ?