Web.com Group, Inc. : Web.com Announces Pricing of Follow-On Public Offering of Common Stock
05/10/2012| 09:25pm US/Eastern
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JACKSONVILLE, Fla., May 10, 2012 (GLOBE NEWSWIRE) -- Web.com
Group, Inc. (Nasdaq:WWWW) (the "Company") announced
the pricing of an underwritten public offering of 8,000,000
shares of its common stock by certain selling stockholders at
a price to the public of $15.25 per share. No shares are
being sold by the Company in this offering, and the Company
will not receive any proceeds from the sale. The offering is
expected to close on or about May 16, 2012, subject to
customary closing conditions. In addition, one of the selling
stockholders has granted the underwriters a 30-day option to
purchase up to an aggregate of 1,200,000 additional shares of
common stock.
J.P. Morgan Securities LLC, Deutsche Bank Securities Inc. and
Citigroup Global Markets Inc. are the joint book-running
managers of the offering. SunTrust Robinson Humphrey, Inc.,
FBR Capital Markets & Co., Piper Jaffray & Co., Wells Fargo
Securities, LLC, Roth Capital Partners, LLC, B. Riley & Co.,
LLC, and Craig-Hallum Capital Group are acting as co-managers
of this offering.
The offering is being made pursuant to an effective
registration statement. This announcement does not constitute
an offer to sell or a solicitation of an offer to buy, nor
shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. This press
release is being issued pursuant to and in accordance with
Rule 134 under the Securities Act of 1933, as amended. Any
offer, if at all, will be made only by means of a prospectus
supplement and accompanying prospectus forming a part of the
effective registration statement. You may obtain a copy of
the final prospectus supplement and the accompanying
prospectus relating to the offering, when available, for free
by visiting EDGAR on the SEC website at
www.sec.gov. Copies of the final prospectus and the
accompanying prospectus for this offering may also be
obtained, when available, from J.P. Morgan Securities LLC c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, or by telephone at (866) 803-9204;
Deutsche Bank Securities Inc., Attn: Prospectus Group, 60
Wall Street, New York, NY 10005-2836, by email at
prospectus.CPDG@db.com or by phone at (800) 503-4611; and
Citigroup Global Markets Inc. Brooklyn Army Terminal, 140
58th Street, 8th Floor, Brooklyn, NY, or by telephone at
(800) 831-9146.
CONTACT: Investor Relations Contact:
Susan Datz Edelman
Director, Investor Relations and Corporate Communications
904.680.6909
sedelman@web.com
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