http://biz.yahoo.com/prnews/050809/nytu103.html?.v=21
Register.com Announces Sale of Company to Vector Capital for $7.81 per Share
Tuesday August 9, 8:29 am ET
Transaction Valued at Approximately $200 Million
NEW YORK, Aug. 9 /PRNewswire-FirstCall/ -- Register.com, Inc. (Nasdaq: RCOM - News) today announced that the Company has signed a definitive merger agreement to be acquired by Vector Capital Corporation, a San Francisco-based private equity firm. The all-cash deal is subject to stockholder approval and other customary conditions, but is not subject to any financing contingencies.
Under the terms of the agreement, Register.com stockholders will receive $7.81 in cash for each share of Register.com common stock. The fully diluted equity value of the transaction is approximately $200 million. On June 10, 2005, the Company received an acquisition proposal from RCM Acquisition Co. LLC to purchase the Company for $7.10 per share in cash, which offer was rejected as inadequate. RCM is affiliated with James A. Mitarotonda, a member of Register.com's Board of Directors. The transaction with Vector is the result of the Company's extensive sale process, commenced on June 20, 2005.
Register.com Announces Sale of Company to Vector Capital for $7.81 per Share
Tuesday August 9, 8:29 am ET
Transaction Valued at Approximately $200 Million
NEW YORK, Aug. 9 /PRNewswire-FirstCall/ -- Register.com, Inc. (Nasdaq: RCOM - News) today announced that the Company has signed a definitive merger agreement to be acquired by Vector Capital Corporation, a San Francisco-based private equity firm. The all-cash deal is subject to stockholder approval and other customary conditions, but is not subject to any financing contingencies.
Under the terms of the agreement, Register.com stockholders will receive $7.81 in cash for each share of Register.com common stock. The fully diluted equity value of the transaction is approximately $200 million. On June 10, 2005, the Company received an acquisition proposal from RCM Acquisition Co. LLC to purchase the Company for $7.10 per share in cash, which offer was rejected as inadequate. RCM is affiliated with James A. Mitarotonda, a member of Register.com's Board of Directors. The transaction with Vector is the result of the Company's extensive sale process, commenced on June 20, 2005.
