FTD Group, Inc. (NYSE:FTD), a leading international provider of floral
related products and services, today announced that its stockholders, at
a special meeting held today, voted to adopt the agreement and plan of
merger among FTD, United Online, Inc. (Nasdaq:UNTD), and UNOLA Corp., an
indirect wholly owned subsidiary of United Online. Shares voted in favor
of the adoption of the agreement and plan of merger represented more
than 79 percent of the total issued and outstanding shares of common
stock of FTD.
The merger is expected to close on Tuesday, August 26, 2008. As a result
of the merger, FTD will become an indirect wholly owned subsidiary of
United Online, and FTD’s stockholders will be
entitled to receive $10.15 in cash, without interest, and 0.4087 of a
share of United Online common stock for each share of FTD common stock
that they own.
About FTD Group, Inc.
FTD Group, Inc. is a leading provider of floral related products and
services to consumers and retail florists, as well as other retail
locations offering floral products, in the U.S., Canada, the U.K. and
the Republic of Ireland. The business utilizes the highly recognized FTD
and Interflora brands, both supported by the Mercury Man logo, which is
displayed in approximately 45,000 floral shops worldwide. The consumer
businesses operate primarily through the www.ftd.com
Web site in the U.S. and Canada and the www.interflora.co.uk
Web site in the U.K. and are complemented by the florist businesses
which provide products and services to the company’s
independent members.
FORWARD-LOOKING STATEMENTS
This press release contains various “forward-looking
statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Failure to complete the
transaction with United Online could materially and adversely affect FTD’s
results of operations and stock price. Forward looking statements in
this press release may include statements regarding FTD’s
outlook, anticipated revenue growth and profitability, anticipated
benefits of investments in new products, programs and offerings and
opportunities and trends within both the domestic and international
floral businesses, including opportunities to expand these businesses
and capitalize on growth opportunities or increase penetration of
service offerings. The international business reflects the operations of
Interflora U.K. These forward-looking statements are based on management’s
current expectations, assumptions, estimates and projections about FTD
and FTD’s industry.