CMGI Hires Adviser to Mull Future of Series C Preferred Stock - TheStreet

CMGI

(CMGI)

said Tuesday it has been contacted by Series C shareholders about a potential restructuring or retirement of some or all of the stock.

CMGI, which develops and operates Internet companies, plans to retain an investment banker to handle the future of the stock. The shares can be converted into common shares by June 30, 2002.

Shares of CMGI, Andover, Mass., gained 97 cents, or 17%, to $6.69 in recent

Nasdaq

trading.