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The group includes several start-ups with a social media bent, like Gowalla, a location-based social network; DailyBooth, a photo-sharing site; and Swipely, a site where users can share purchase decisions.
The share purchase has been approved by McKesson's board and Franz Haniel & Cie.'s supervisory board.
Elsewhere, zealous customs officials cause a salt shortage, and Warleggan makes an aggressive share purchase.
A personal share purchase sends a stronger message of confidence than an anodyne email.
America's antitrust laws say that any share purchase worth $76m or more must be approved by the Federal Trade Commission.
But the combination of two companies rather than a direct share purchase arguably looks more like a business combination.
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The $34.50-a-share purchase price represents a 7percentt premium over United's closing price of $32.37 on Friday.
Time shares and fractionals differ in the amount of time that buyers receive: a time-share purchase is typically a week, whereas a fractional purchase is usually three or four weeks.
The company's board approved a preferred-share purchase- rights distribution to "assure that all of our stockholders receive fair and equal treatment in the event of any proposed takeover".
With this method, Mier can credit $1 per investor, which is the per-share purchase charge.
In late April, another 500,000-share purchase was made this time by Swartz alone, a show of support that might now boost him to the top.
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