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Fry’s Electronics to acquire Cyberian Outpost

Cyberian Outpost has announced that it has ironed out a deal whereby Fry’s electronics will acquire the online reseller for US25¢ per share in cash. Cyberian Outpost became a very popular place for consumers to purchase technology products — and more — over the Internet when the company started offering free shipping the in United States. The agreement with Fry’s will become effective upon the termination of Cyberian Outpost’s existing merger agreement with PC Connection — expected on September 4, 2001.

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