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EarthLink and MindSpring Finalize Merger in Evening Action

The original EarthLink Network (ELNK) and MindSpringundefined have closed their merger, forming the second-largest U.S Internet service provider, according to EarthLink.

Shareholders from both companies gave their approval to the merger, which has a total market capitalization of $4 billion. The new EarthLink said the former president and CEO of EarthLink, Gary Betty, has been tapped as the company's CEO, while former MindSpring Chairman and CEO Charles Brewer will serve as EarthLink's chairman.

In other postclose news (earnings estimates from

First Call/Thomson Financial

; earnings reported on a diluted basis unless otherwise specified):

Mergers, acquisitions and joint ventures


Federal Trade Commission

filed proceedings in a federal district court to block the proposed merger of

BP Amoco



Atlantic Richfield


. The first hearing is scheduled for March 10.



said it has made a $27 million offer to purchase

Advanced Machine




3dfx Interactive


said it would cut its workforce by 20%. The reduction would affect 100 to 130 employees, including 35 from its

Special Technologies Group

, which is set to be spun off.

For a look into this evening's after-hours trading action, please check out's

The Night Watch.