Web.com Group, Inc. (NASDAQ:WEB) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Information.
As previously announced, Web.com Group, Inc., a Delaware corporation (“Web.com”), entered into an Amended and Restated Agreement and Plan of Merger, dated as of August 5, 2018 (the “Amended and Restated Merger Agreement”), by and between Web.com, Parker Private Holdings II, LLC, a Delaware limited liability company (“Parent”) and Parker Private Merger Sub, Inc., a Delaware corporation (“Merger Sub”) and a wholly-owned subsidiary of Parent, to which Merger Sub will be merged with and into Web.com (the “Merger”), with Web.com surviving the Merger (the “Surviving Corporation”) as an indirect wholly owned subsidiary of Parent. The Amended and Restated Merger Agreement amends and restates in its entirety the Agreement and Plan of Merger, dated June 20, 2018, by and between Web.com, Parent and Merger Sub. Web.com has called a special meeting of stockholders, to be held on October 10, 2018 (the “Special Meeting”), for Web.com’s stockholders to approve the Amended and Restated Merger Agreement and the Merger.
On October 4, 2018, Web.com announced that it expects the closing of the Merger to occur on the day after the Special Meeting, October 11, 2018.
Forward-Looking Statement Disclaimer
The statement that Web.com expects the closing of the Merger to occur on the day after the Special Meeting, October 11, 2018, is a "forward-looking statement" based on Web.com's current beliefs or expectations. There are a number of important factors that could cause the actual result or outcome to differ materially from those indicated by the forward-looking statement, including, but are not limited to: (i) the risk that stockholder approval of the Amended and Restated Merger Agreement and the Merger is not obtained at the Special Meeting, in which case the closing of the Merger will not occur; (ii) the closing of the Merger is subject to the satisfaction or waiver of the conditions precedent to closing the Merger, which may not be met or may be delayed; and (iii) legal proceedings instituted against the parties to the Amended and Restated Merger Agreement may delay or prevent the closing of the Merger. Web.com expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein as a result of new information, future events or otherwise.
About Web.com Group, Inc. (NASDAQ:WEB)
Web.com Group, Inc. provides a range of Internet services to small businesses. The Company operates through Web services and products segment. The Company offers subscription-based solutions including domains, hosting, Website design and management, search engine optimization, online marketing campaigns, local sales leads, social media, mobile products and e-commerce solutions. The Company offers Domain Name Registration and Services, Do-It-For-Me Web Solutions, Do-It-Yourself Web Solutions and Online Marketing Services. The Company offers online advertising opportunities for companies focused on small businesses to be featured on its Websites. The Company offers directory listings, which is an online search directory that gives businesses online exposure. The Company also offers a range of domain name services, including domain name registration, transfers, renewals, expiration protection and privacy services.