All-cash offer price increased by 55%
Provides certain, immediate and substantial value to Webcentral shareholders
JACKSONVILLE, Fla., Sept. 15, 2020 (GLOBE NEWSWIRE) — Web.com Group, a leading web technology company helping millions of customers around the globe thrive in a connected world, is pleased to announce that it has submitted an improved offer to acquire Webcentral Group (ASX: WCG), a leading provider of digital services for small and medium Australian businesses, for A$0.155 per share in cash (“Improved Proposal”).
Significantly Improved Value
Web.com Group has significantly increased the value of its cash proposal by 55% to A$0.155 per Webcentral share, which represents compelling certain value for Webcentral shareholders at a time of ongoing market volatility:
- Significant premium: The Improved Proposal represents a 142% premium to Webcentral’s undisturbed closing share price on July 10, 2020, and exceeds the implied value of any other public proposal for Webcentral (based on trading