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January 29, 2003 — (WEB HOST INDUSTRY REVIEW) — Domain registry and Web site service provider Register.com Inc. (Register.com) said this week that it has hired financial and legal advisors to help the company consider merger opportunities, following two unsolicited acquisition offers the company received earlier this month.
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Register.com says it has hired Credit Suisse First Boston and Wachtell, Lipton, Rosen & Katz to provide financial and legal advice, respectively.
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Just a week before, Zackfoot Investments LLC made a cash offer of about $226 million, or $5.55 per share to acquire the company, outdoing a $198-million offer from a private investor group of Barington Cos. Equity Partners that was rejected by Register.com.
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The offer from Zackfoot expired on Monday without response from Register.com. The investment firm said it was surprised that the company made no effort to contact it.
