Fastclick Board Approves Purchase by ValueClick

Westlake Village-based ValueClick and Santa Barbara-based ValueClick said yesterday that ValueClick has commenced the exchange offer for all outstanding shares of Fastclick common stock. The companies announced earlier this month that Valueclick had agreed to acquire Fastclick in a stock exchange agreement. Fastclick shareholders will receive 0.7928 shares of ValueClick stock for each share of Fastclick stock. Fastclick is an operator of an Internet advertising network.