United Online: A Balance Sheet In Search Of A Product
Gains on Gains
Gains on Gains
United Online Earnings, New Products & The Year Ahead
Wed, May 4, 5:09 PM
- Six months after United Online (NASDAQ:UNTD) rejected a $12.50/share buyout offer from investment firm B. Riley (NASDAQ:RILY), the ISP/web services provider has agreed to an $11/share ($170M) all-cash deal. The price represents a modest $0.25 premium to United's Wednesday close.
- "The Board believes this competitive sales process resulted in the best available value to stockholders," insists interim CEO Jeff Goldstein. The deal is expected to close by the end of calendar Q3.
Nov. 18, 2015, 11:11 AM
- Investment firm B. Riley (RILY - unchanged) is offering to acquire United Online (UNTD -1.2%) for a price 7.7% above Tuesday's close, and 21.1% above last Friday's close. B. Riley currently owns 7.9% of United's shares.
- On Monday, United disclosed a buyout offer from B. Riley (no price was given), and said it plans to review it. The company, which owns Classmates.com, the MyPoints online rewards program, low-cost ISPs NetZero and Juno, and other Internet assets, currently trades at $11.49.
Nov. 1, 2013, 4:26 PM
- United Online (UNTD) completes the tax-free spin-off of FTD Companies. United Online shareholders were distributed one FTD share for every 5 shares of UNTD stock they held.
- UNTD also effected a 1-for-7 reverse stock split.
- FTD will begin regular trading on the Nasdaq under the symbol "FTD."
United Online, Inc. provides consumer services and products over the Internet under a number of brands, including Classmates, StayFriends, Trombi, MyPoints, NetZero, and Juno. The company operates through two business segments: Content & Media and Communications. The Content & Media segment... More
Industry: Specialty Retail, Other
Country: United States