Another good Investment for Lunsford Investments

Another good Investment for Lunsford Investment.
Here is the Story.

Google Inc. said Friday that it finished its $124.6 million purchase of On2 Technologies Inc. after shareholders of On2 voted to approve the deal.

Google said that as per its agreement with the maker of video compression technology, outstanding On2 common shares will be converted to the right to 15 cents per share and 0.0010 of a share of Google common stock. Cash will be paid in lieu of any fractional shares, Google said.

Google also said it plans to buy back the same number of its shares that it issued through the purchase. The company will fund the buybacks with cash on hand.

When the purchase was announced in August, the companies valued the deal at about $132 million.

Google shares ended regular trading down $2.46 at $540.76.

I did not know of this deal. It was just luck of the draw. On2 Tech was a Investment that I have been looking at for a few weeks. I just wish I would have bought more shares of On2 , before the buy out.

So , now I own a little piece of Google. Thanks Google. Too Bad you did not let me buy more shares of On2 before you took over the company.