Fry's takes over Outpost.com

By Troy Wolverton
Staff Writer, CNET News

Fry's Electronics has completed its acquisition of electronics e-tailer Cyberian Outpost, the companies announced Thursday. Privately held Fry's agreed to pay 25 cents per share for each outstanding share of Outpost stock. Outpost, which operated the Outpost.com Web site, will become a subsidiary of Fry's and its stock ceased trading on the Nasdaq after the market closed Thursday.

After withdrawing a previous takeover bid in August, Sunnyvale, Calif.-based Fry's agreed to acquire Outpost in September. Last month, Fry's dropped plans to acquire Outpost competitor Egghead.com.

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