October 26, 1999 |
Laguna Hills-based Rbid.com Inc., a provider of Internet services, said Monday that it has agreed to be acquired by AHC Business Trust for an undisclosed sum. Rbid.com said Nevada-based AHC will acquire 6 million of the 7.2 million shares outstanding, but would not say how much was paid. The agreement was reached last Thursday. Also, Rbid.com directors Peter Ferras, Ann Ferras and John Horne resigned and were replaced by board members representing the new owners.