Register.com Rejects Takeover Bid

Register.com has rejected a takeover bid from RCM Acquisition Co. LLC, deeming the $7.10 a share bid "inadequate." In the press release announcing its decision, the language suggests that Regsiter.com may be fishing for a sweetened offer from its suitor. "We have instructed our financial advisors, Credit Suisse First Boston, to consider all available alternatives to maximize shareholder value, including potential further discussions with RCM," Register.com said in its statement.

The market is clearly expecting that someone will make a higher offer, as the share price of Register.com jumped to $7.40 per share in afternoon trading, 30 cents higher than RCM's initial bid.

  Posted by RichM June 20, 2005 | Permalink | Newsletter

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Register.com Rejects Takeover Bid - Jun 20, 2005





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