BIDZ.COM GOING PRIVATE: Online jewelry retailer Bidz.com said Thursday it inked a deal in which it will be acquired by Glendon Group Inc. for 78 cents a share in cash. The merger agreement, expected to close in the fourth quarter of 2012, would take Bidz private. Bidz currently trades on the Nasdaq Capital Market. Under the terms of the agreement, Bidz can actively solicit alternative proposals until June 25. If another better offer is submitted, Bidz has until July 9 to complete negotiations.

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