United Online, Inc. to Acquire FTD Group, Inc. for Approximately $800 Million
Parties:
>United Online, Inc. is a leading provider of consumer Internet and media services.(http://unitedonline.com)
>FTD Group, Inc. is a leading provider of floral related products and services to consumers and retail florists, as well as other retail locations offering floral products, in the U.S., Canada, the U.K. and the Republic of Ireland. (http://ftd.com)
-FTD stockholders will receive $7.34 in cash, 0.4087 of a share of United Online common stock and $3.31 principal amount of United Online 13% senior secured notes due 2013 for each share of FTD common stock.
- United Online may elect to increase the per share cash consideration payable to FTD's stockholders by $2.81 in full substitution of the Notes
United Online, the provider of Internet access through NetZero and Juno brands as well as operator of the loyalty website Mypoints.com and social networking website Classmates.com, agreed to buy the Floral and gifts reseller FTD Group for $800 million. (Read more)
