A year ago, when Webcentral was still called Arq Group, we remarked that any selling by its directors was probably as good a signal as any to follow suit, given the company's steadily declining fortunes.
Who knew they could decline quite so far? On Monday, chairman Andrew Reitzer recommended to shareholders the scheme of arrangement proposed by private equity-owned, Florida-based digital titan Web.com.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
