Internet grocer Peapod (Nasdaq: PPOD) received a resounding double blow Thursday, as the company announced that its highly respected CEO has resigned for health reasons and investors have yanked $120 million (US$) in planned equity financing off the table.
Peapod Shaken as CEO Resigns, Financing Yanked
Posted by: Rob Conlin March 16, 2000 12:00 AMInternet grocer Peapod (Nasdaq: PPOD) received a resounding double blow Thursday, as the company announced that its highly respected CEO has resigned for health reasons and investors have yanked $120 million (US$) in planned equity financing off the table.