WASHINGTON (dpa-AFX) - United Online, Inc. (UNTD) announced a definitive agreement under which B. Riley Financial, Inc. and certain of its affiliates (RILY) will acquire all of United Online's common stock for approximately $170 million in cash or $11.00 per share. Closing of the deal is expected by the end of the third calendar quarter of 2016.
Jeff Goldstein, Interim CEO of United Online, stated: 'The transaction will allow our remaining operating business, the communications segment, to continue under B. Riley and will allow us to provide the stockholders of United Online with cash for their shares at closing.'
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