Register.Com Rebuffs Takeover Offer

Posted on by Chief Marketer Staff

One day after receiving a takeover bid from RCM Acquisition Co., Internet domain name registration and services provider Inc. rejected the unsolicited offer.

“This offer does not reflect the significant opportunities has to grow value for our stockholders,” said executive chairman Mitchell I. Quain, in a statement. “By going public with their offer, RCM Acquisition Co. hopes to pressure’s stockholders and board into selling at an inadequate price during this inopportune time of market turbulence.”

Venture capital company RCM offered to acquire, for $4.95 per share.


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