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July 6, 2001 — (WEB HOST INDUSTRY REVIEW) — Micron Electronics, Inc. (micronelectronics.com) and
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Interland, Inc. (interland.com) announced today that the companies’ joint proxy statement/prospectus relating to Micron’s previously announced acquisition of Interland has been declared effective by the Securities and Exchange Commission, and filed electronically.
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The companies announced the signing of a definitive merger agreement on
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March 23, 2001.
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The companies also announced that on May 11, 2001, the waiting period for
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antitrust review of the proposed acquisition under the Hart-Scott-Rodino Act
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expired without inquiry from the Department of Justice.
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The combination of Interland and Micron Electronics’ Web hosting subsidiary,
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HostPro, will create a leading provider of business-class hosting solutions
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to the international small and medium enterprise market, with one of the
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broadest portfolios of managed hosting and value-added services in the
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industry.
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Shareholders will be able to attend meetings on August 6, 2001, in the
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companies’ respective headquarters in Atlanta.
