June 27, 2007 / 1:53 AM / 12 years ago

Website Pros, Web.com in merger agreement

NEW YORK (Reuters) - Website Pros Inc. said on Tuesday that it reached a deal to acquire Web.com Inc. for approximately $129 million.

Under terms of the deal, Web.com shareholders may elect to receive either 0.6875 shares of Website Pros stock or $6.5233 in cash for every Web.com share, subject to proration so that the total cash paid will equal $25 million.

The deal is expected to close in the second half of 2007.

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