Register.com Receives Acquisition Offer from RCM Acquisition Co. LLC
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NEW YORK–(BUSINESS WIRE)–June 13, 2005–Register.com, Inc. (Nasdaq: RCOM) today announced that on Friday, 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.
The Company stated that the board will evaluate the offer in consultation with its legal counsel and its financial advisor, Credit Suisse First Boston.
RCM and certain related parties, including affiliates of Barington Capital Group, L.P. and Ramius Capital Group, LLC, are the beneficial owners of 3,614,902 shares of common stock of the Company, representing approximately 14.9% of the shares outstanding. James A. Mitarotonda, a member of Register.com’s Board of Directors, is also Chairman, President and Chief Executive Officer of Barington Capital Group, L.P.
About Register.com
Register.com, Inc. (www.register.com) is a leading provider of global domain name registration and Internet services for businesses and consumers that wish to have a unique address and branded identity on the Internet. With approximately three million domain names under management, Register.com has built a brand based on quality domain name management services for small and medium sized businesses, large corporations, as well as ISPs, telcos and other online businesses. The company was founded in 1994 and is based in New York.
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