Business Services Industry
Mark Cuban Announces Intent to Vote Against Sale of Register.com
Business Wire, August 10, 2005
DALLAS -- Mark Cuban, the beneficial owner of 3,318,200 shares of common stock (or approximately 13.2%) of Register.com, Inc. (Nasdaq:RCOM), today announced that he intends to vote against the recently announced sale by merger of Register.com, Inc. to Vector Capital Corporation if and when submitted to a vote of stockholders. Mr. Cuban stated that he did not believe that the proposed transaction was in the best interests of the stockholders. He further stated, "I do not see how this transaction could benefit anyone other than the current management who must be expecting to feather their own nests. The $200 million offering price does not come close to fairly valuing the business of this company. In fact, I believe the transaction would be disastrous to the interests of the stockholders. For these reasons, I presently intend to vote against this transaction if it is submitted to the stockholders."
THIS COMMUNICATION IS NOT A SOLICITATION OF A PROXY FROM ANY STOCKHOLDER OF REGISTER.COM FOR ANY PURPOSES.
About Mr. Cuban's Ownership in Register.com
Mr. Cuban has filed with the Securities and Exchange Commission a Schedule 13D, as amended from time to time, disclosing information regarding Mr. Cuban, his ownership interests in Register.com and any plans or proposals he may have with respect to Register.com. These filings are available at the Securities and Exchange Commission's website, www.sec.gov.
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