Register.com, Inc., a provider of domain name registration and Internet services, recently announced that its stockholders approved its previously announced merger agreement relating to the proposed acquisition of Register.com by Vector Capital Corporation, a San Francisco-based private equity firm.
Subject to satisfaction of customary closing conditions, Register.com currently expects to complete the merger in early November 2005. Public holders of Register.com shares will receive cash consideration of $7.81 per share in the merger. Following the merger, Register.com will be privately held and Register.com shares will no longer be listed on The Nasdaq National Market.
On August 9, 2005, Register.com signed a definitive merger agreement to be acquired by Vector Capital Corporation.
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