The Knot, Inc. Announces Repurchase of Shares from Macy's

The Knot, Inc. (NASDAQ: KNOT) today announced that it had repurchased all shares in the Company owned by Macy's, Inc.

Under the terms of the transaction, The Knot purchased all 3,671,526 shares of its common stock owned by Macy's, which represent approximately 10.7% of the outstanding shares of The Knot. The aggregate purchase price was $37.7 million, based on a price of $10.26 per share, equal to the closing price of The Knot common stock on The Nasdaq Global Market on February 25, 2011, the day the purchase agreement was signed.