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million, from a group that includes the company'sz founder and former chief The offer represents about a 39 percent premiumover Wednesday's closing pricre of $2.52 per share. Onvia's board, which in Octobee rejected an offerof $2.765 per share, or about $21.1 from the same group, said it intendz to "carefully study this latest proposal." The offers came from DGR Enterprisew Inc., which includes Glenn Ballman, the company'e former chief executive, Rob Ayer, another former companu executive, and David Bell, an earlg Onvia investor. The group owns about 8 percen t ofthe company. The earlier offer, made to the board after the stock market closedon Oct.
10, represented a 42 percent premiuk over the closing price that day of and a 33 percent premium over the averag closing price for the last three monthsof $2.07, DGR
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