Web company Endurance to buy Constant Contact in $1.1 billion deal

[November 02, 2015]  (Reuters) - Web-hosting company Endurance International Group Holdings Inc said on Monday it would buy online marketer Constant Contact Inc in deal valued at about $1.1 billion.

The deal will add Constant Contact's online marketing tools such as email marketing, events management and social media integration, to Endurance's portfolio of Web-hosting software.

Endurance International's offer of $32 per Constant Contact share in cash represents a 22.6 percent premium to the stock's close on Friday.

Both companies' shares were untraded before the bell.

The deal is expected to close in the first quarter of 2016.

Endurance's brands include BigRock, HostGator and FatCow.com.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Savio D'Souza and Ted Kerr)

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