FTD Group shareholders say 'yes' to merger with United Online

By Lisa Kerner

Charlotte, N.C., Aug. 25 - FTD Group, Inc. shareholders voted to approve the company's merger with United Online, Inc. and Unola Corp. at a special meeting on Monday.

According to an FTD Group news release, shares voted in favor of the adoption of the agreement and plan of merger represented more than 79% of its total issued and outstanding shares.

United Online is offering FTD shareholders $10.15 per share in cash and 0.4087 of a share of United Online common stock, for a total value of $14.38 per share. The total payout to shareholders would be approximately $434 million, it was previously reported.

The merger is expected to close on Tuesday.

FTD, a worldwide provider of floral products, will operate as a wholly owned subsidiary of United Online from its existing facilities in Downers Grove, Ill., and the United Kingdom.

United Online is a Woodland Hills, Calif.-based provider of consumer internet and media services. Its services include Classmates, MyPoints, NetZero and Juno e-mail.

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