Minds + Machines Share Discussion Threads

[chimers] 14/6/2017 15:55

In fact he may have just hit a rock.
Oh dear.

[chimers] 14/6/2017 15:55

He is a very unprofessional ex director who is sailing very close to the wind.

[simonsaid1] 14/6/2017 15:32

Wow, literally as I said it, he did it. Switched accounts and edited all his comments to '.' again.

To be clear, 'transhoneyqueens' is another of 'hotaimstocks' aliases (along with jackson83, hotpotato1, usa_investor_domain, captainaim, civilservant10) and he will keep switching accounts and switching from ramping to de-ramping the share at different times of day.

[simonsaid1] 14/6/2017 15:23

hotaimstocks cool down will you - we all know by the end of the day you'll be posting about how this is the worst company in the world and everyone should get out, and you'll turn all your old posts into '.' so no one can see what happened.

You have lost all credibility here, and if you change usernames I'll just post a list of all your usernames again so everyone can see.

[simonsaid1] 14/6/2017 15:10

The RNS that MMX put out noted that the whole TLD industry is consolidating, so I wouldn't assume any other mergers going on involve MMX as such - it's just a sign of industry consolidation more broadly. But who knows, Doughnuts could have us in its sights too.

What would happen if a US company bought us out? We just get cash for our shares and the company de-lists here?

[waldron] 14/6/2017 15:04

Rightside and Donuts Announce Definitive Merger Agreement
By GlobeNewswire, June 14, 2017, 08:30:00 AM EDT
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Donuts to Acquire Rightside for $10.60 Per Share in Cash

Transaction Valued at Approximately $213 Million

KIRKLAND, Wash., June 14, 2017 (GLOBE NEWSWIRE) -- Rightside Group, Ltd. (NASDAQ:NAME) and Donuts Inc., a leading domain name registry for new domain extensions, today announced that the two companies have entered into an Agreement and Plan of Merger (the "Merger Agreement"), pursuant to which Donuts will acquire Rightside for $10.60 per share in an all-cash tender offer, for an aggregate purchase price of approximately $213MM. The purchase price represents a premium of approximately 12% percent over Rightside's average closing price for the 30-day trading period ended June 13, 2017 and a premium of approximately 22% percent over Rightside's average enterprise value (excluding cash) for such period.

The Merger Agreement was unanimously approved by Rightside's Board of Directors following a comprehensive review of strategic and financial alternatives that Rightside announced in the first quarter of 2017.

"We believe that this agreement offers a substantial cash premium to our shareholders," said Taryn Naidu, Rightside chief executive officer. "We look forward to working closely with Donuts to consummate this merger."

"Donuts and Rightside have a long history of working together, and we are delighted to take the next step with this transaction," said Bruce Jaffe, Donuts chief executive officer. "We believe that the combined company will be well positioned to serve our registrar customers and the millions of businesses and individuals who are embracing new ways to brand their online identities."

Pursuant to the terms of the Merger Agreement, the transaction will be completed through an all-cash tender offer, and closing is contingent upon tender of more than 50 percent of outstanding Rightside common shares, the receipt of certain regulatory approvals and other customary closing conditions.

The transaction does not have a financing condition and is currently expected to close during the third quarter of 2017. Following the transaction, Rightside will become a wholly-owned subsidiary of Donuts, a privately-held company, and Rightside's common shares will no longer be listed on any public market.

Barclays Capital Inc. is serving as financial advisor to Rightside. Wilson Sonsini Goodrich & Rosati, Professional Corporation, is acting as Rightside's legal advisor. Silicon Valley Bank is providing a credit facility to Donuts as part of this transaction. Perkins Coie LLP is acting as Donuts' legal advisor.

About Rightside

Rightside inspires and delivers new possibilities for consumers and businesses to define and present themselves online. The company, with its affiliates, is a leading provider of domain name services, offering one of the industry's most comprehensive platforms for the discovery, registration, usage and monetization of domain names. In addition to being a new gTLD registry operator, Rightside is home to one of the most admired registrar brands in the industry, Name.com. Headquartered in Kirkland, WA, Rightside has offices in North America and Europe. For more information please visit www.Rightside.co.

About Donuts

Donuts is a leading domain name registry for new top-level Internet domain extensions. Donuts offers businesses, individuals and organizations new ways to brand and unify their online identities, in multiple languages and character sets. Donuts is headquartered in Bellevue, Washington. For more information, please visit www.donuts.domains.

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[simonsaid1] 13/6/2017 16:13

Please all continue to ignore the troll above who uses many alises including 'hotaimstocks' and 'jackson83'. He posts extremely positive and negative posts about MMX filled with nonsense and then deletes his previous ones, as you see above. He is being investigated, so just ignore his rantings.