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Byline: Stacy Mosher
The news never rests, and nowhere is it busier than on the Internet bulletin boards. This column excerpts the choicest messages on the latest deals. Postings are selected from several sources, including Yahoo!, Raging Bull, Motley Fool and Silicon Investor.
Disclaimer: Board postings are entirely the product of their authors, and The Deal assumes no responsibility for the veracity or accuracy of their content.
Sighs of relief went up on both sides of a prospective deal as a tender offer was rejected.
VarTec Telecom Inc. said Thursday afternoon it refused a tender offer by the Internet arm of SBC Communications Inc. (SBC) for its stake in Prodigy Communications Corp. (PRGY), an Austin, Texas-based Internet service provider.
VarTec, Prodigy's third-largest shareholder, said the bid of $5.45 a share by the San Antonio-based communications services holding company was inadequate. Last week two companies controlled by Mexican billionaire Carlos Slim Helu, holding more than 59% of Prodigy's …