Landmark Communications to Take CoolSavings Private; CoolSavings Stockholders to Receive $.80 Per Share in Cash: Financial News - Yahoo! Finance

Landmark Communications, Inc. ("Landmark") today announced the execution of a definitive agreement for Landmark to purchase all of the shares of common stock ("Common Stock") and Series C convertible preferred stock of CoolSavings, Inc. ("CoolSavings") (OTC Bulletin Board: CSAV - News) held by each of Richard H. Rogel and Hugh R. Lamle and certain of their respective family members and related persons (the "Selling Stockholders"). Landmark is CoolSavings' largest stockholder with beneficial ownership of approximately 83% of CoolSavings' Common Stock, assuming Landmark converted all of its Series B convertible preferred stock.