FTD, Inc. Announces Stockholder Approval of Merger

FTD, Inc. Announces Stockholder Approval of Merger 


DOWNERS GROVE, Ill., Feb. 23  /PRNewswire-FirstCall/ -- FTD, Inc.  today
announced that, at a meeting of its stockholders held today, over 90% of the
voting stock of FTD, Inc. ("FTD") voted in favor of the proposal to adopt the
agreement and plan of merger (the "Merger Agreement"), dated October 5, 2003,
among FTD, Mercury Man Holdings Corporation ("Mercury") and Nectar Merger
Corporation ("Nectar").  Mercury and Nectar are wholly-owned subsidiaries of an
affiliate of Leonard Green & Partners, L.P. ("Leonard Green & Partners").

Subject to the satisfaction of all other terms and conditions set forth in the
Merger Agreement, the parties expect to consummate the transaction within the
next 48 hours.  Assuming the closing occurs, FTD will merge with and into
Nectar, FTD will cease to be a publicly-traded company and the FTD stockholders
will be entitled to receive $24.85 per share in cash.

About FTD

FTD, supported by its worldwide FTD brand, is a leading provider of floral
services and products.  FTD's Florist Business primarily markets floral products
and services to approximately 20,000 FTD members and other retail locations
offering floral products in the U.S. and Canada and connects approximately
29,000 additional florists through affiliated or related organizations in 150
countries outside of North America.  FTD's Consumer Business is a direct
marketer of flowers and specialty gifts, primarily through the
http://www.ftd.com/ Web site and 1-800-SEND-FTD telephone number. Additional
information about FTD is available at its Web site, http://www.ftdi.com/ .

About Leonard Green & Partners

Leonard Green & Partners is a private Los Angeles-based merchant banking firm
specializing in organizing, structuring and sponsoring management buy- outs,
going-private transactions and recapitalizations of established public and
private companies.  Leonard Green & Partners has significant investments in
Petco Animal Supplies, Inc., Rite Aid Corporation, VCA Antech, Inc., Rand
McNally, The Sports Authority, Inc., Liberty Group Publishing, Inc., Leslie's
Poolmart, Inc. and Varsity Brands, Inc.  Leonard Green & Partners is the largest
private equity firm in Southern California managing in excess of $3.6 billion of
private equity capital. 

DATASOURCE: FTD, Inc.



CONTACT: Investor, Carrie Wolfe, Chief Financial Officer,

[phone],  , Investor-Media, Lisa Witek, Director of IR,

[phone],  , both of FTD, Inc.



Web site: http://www.ftd.com/

http://www.ftdi.com/ 

Copyright