Endurance International acquires Constant Contact for $1.1 billion - The acquisition machine continues.
Endurance International Group (NASDAQ: EIGI) has acquired email marketing company Constant Contact for $1.1 billion in an all-cash deal.
Shares in Constant Contact (NASDAQ: CTCT) closed Friday at $26.10, for a market cap of about $840 million. Endurance is paying $32.00 per share, and shares in Constant Contact have jumped in pre-market trading.
Endurance is paying for the acquisition with debt financing of up to $1.085 billion from Credit Suisse AG and an affiliate ... read more ...
Tag Archives: eigi
Mon 2nd November 2015
Mon 24th August 2015
One domain name batch is indeed adult today - Endurance manages to eek out small gain so far today.
The DOW opened down 1,000 points today. It has since recovered a bit, but it’s a safe bet that your stock portfolio took a hit today.
One domain name stock is actually bucking the trend. Shares of Endurance International Group (NASDAQ: EIGI) are up $.12 at the time of writing, to $15.30. Sure, it’s less than a 1% jump, but every other domain name stock I track (GoDaddy, Rightside, Web.com, Verisign, CentralNic, Minds + Machines, Neustar) is ... read more ...
Thu 2nd April 2015
How domain name bonds did on GoDaddy's IPO day - Competitors also get bump as GoDaddy soars.
GoDaddy went public yesterday and shares immediately shot up 30%, giving the company a $4 billion market cap. In very early trading today it’s up another 3%.
There are a number of similar public companies out there. I think the two closest comps are Endurance International (which owns Domain.com and a number of shared hosting companies) and Web.com.
Endurance International Group (EIGI) shares were up about 4% yesterday, giving the company a $2.6 billion ... read more ...