RCM Acquisition Co., LLC Presents Proposal to Acquire Register.com, Inc.
NEW YORK, Jan. 15 /PRNewswire/ -- RCM Acquisition Co., LLC, an affiliate of Barington Companies Equity Partners, L.P., announced today that it presented a proposal to acquire Register.com, Inc. (Nasdaq: RCOM - News) to the Board of Directors of the company. Register.com is a provider of global domain name registration and Internet services for businesses and consumers. RCM and certain other parties own an aggregate of approximately 4.2% of the total number of shares outstanding of the company. RCM's proposal, subject to certain conditions, is to acquire Register.com for $4.95 per share in cash, representing an 8.3% premium over the January 14th closing market price of $4.57 per share and a 24.9% premium to the 90-day average price of $3.96 per share. the rest is here: http://biz.yahoo.com/prnews/030115/nyw135_1.html Doug
