renamed itself Extra Touch Floral Association, and later, Retail Florist Association. It is based in Livonia, Michigan. In 2008, United Online () announced a merger agreement with FTD Group, valued at $800 million. The acquisition was completed and shares of FTD ceased to trade on the NYSE August 26, 2008. In 2013, FTD is spun off from United Online resulting in FTD Companies, Inc. becoming an independent, publicly traded company listed on NASDAQ. In July 2019, FTD's North American and Latin America consumer and florist businesses were purchased by Nexus Capital Management and thusly have become a privately owned company and no longer will be a publicly traded company. Acquisitions In 1994, FTD was acquired by Perry Capital Corporation from the florists and converted into a for-profit corporation. On July 31, 2006, FTD, Inc. announced its acquisition of Interflora Holdings, a UK-based sister co-operative that offered the FTD network in Britain and Ireland under the Interflora brand. "The acquisition, first announced on July 7th, 2006, was made for a purchase price of GBP 66 million, or approximately [US]$122 million, excluding transaction costs." In 2012, Interflora acquired Flying Flowers, Flowers Direct and Drake Algar in the U.K. In July 2019, FTD's North American and Latin America consumer and florist businesses were purchased by Nexus Capital Management and are now known as FTD LLC. Operations Fiscal year 2006 revenues grew 6.2% to $465.1 million, compared with revenues of $437.8 million for fiscal 2005. This revenue growth was driven by an 11.6% increase in revenue in the Consumer Segment. The Mercury Network, the electronic network used by FTD, processes about fifteen million orders annually, through about 50,000 FTD affiliates in 154 countries, of which about 20,000 are in the United States and Canada. On July 19, 2018, it was announced that CEO John Walden would be stepping down as the company began restructuring. Scott Levin took over as president and CEO. In June 2019 FTD filed for Chapter 11 bankruptcy protection while it restructures; all customer deliveries will continue in the meantime. The company said it has a tentative deal to sell its flower delivery business in North and South America to Nexus Capital. It has also received offers to buy two subsidiaries: Personal Creations and the candy delivery business Shari's Berries. Shari's Berries was acquired in 2019 by 1-800-Flowers.com. In July 2019, the forgoing transactions were consummated for FTD's floral consumer businesses