Web.com Group Inc. (WEB) announced Thursday morning that it has agreed to be acquired by an affiliate of Siris Capital Group LLC for approximately $2 billion in cash.
Web.com Group gapped up sharply Thursday and rose gradually during the trading session. Shares finished up by 2.65 at $25.85 on the highest volume of the year. The stock jumped to an 11-month high.
For comments and feedback contact: editorial@rttnews.com
Business News