June 13, 2005 — (WEB HOST INDUSTRY REVIEW) — Domain registrar and Web hosting provider Register.com (register.com) said on Friday that it had received an acquisition proposal from RCM Acquisition Co. LLC. The offer was for $7.10 per share in cash.
Register.com’s board says it will consult with its legal and financial advisors before making a decision.
RCM and certain related parties, including affiliates of Barington Capital Group, LP and Ramius Capital Group, LLC, are the owners of 3,614,902 shares of Register.com common stock, representing approximately 14.9 percent of the outstanding shares.
Register.com, one of the world’s largest domain registrars, is a recent entrant to the Web hosting space.
