Brief: Cofina's Management Recommends MBO's Final Offer Over Media Capital's

Grupo Media Capital SGPS SA

25/09/2023 06:40

Sept 25 (Reuters) - Cofina SGPS SA  CFN.LS :
    * SAID ON FRIDAY FOLLOWING RECEPTION OF THE BEST AND FINAL
OFFER
FROM MBO AND MEDIA CAPITAL (BAFO'S), COFINA SGPS ANALYSED THEM
FOR PURPOSES OF ITS DECISION TO SELL SHARES OF COFINA MEDIA
    * COFINA'S MANAGEMENT CONSIDERS MBO'S BAFO IS MORE
FAVOURABLE,
WHICH IS WHY IT SHOULD BE SELECTED AND ACCEPTED, ON THIS DATE,
BY MEANS OF A COMMUNICATION TO THAT EFFECT ADDRESSED TO MBO
    * PURCHASE AND SALE AGREEMENT FOR SHARES OF COFINA MEDIA
SHOULD BE
ENTERED INTO BETWEEN COFINA SGPS AND MBO, IN ACCORDANCE WITH
DRAFT INCLUDED IN MBO'S BAFO
    * SINCE MANAGEMENT OF COMPANY HAS CONSIDERED BOTH BAFO'S TO
BE IN
ACCORDANCE WITH ITS CORPORATE INTEREST, SALE OR NON-SALE OF
SHARES OF COFINA MEDIA TO ONE OF POTENTIAL BUYERS SHALL BE
SUBJECT TO A RESOLUTION OF GENERAL SHAREHOLDERS' MEETING
    * COFINA HAS INVITED MEDIA CAPITAL TO BE AVAILABLE TO SIGN
THE
PURCHASE AND SALE AGREEMENT FOR COFINA MEDIA IN THE EVENT MBO'S
BAFO IS NOT APPROVED IN GENERAL SHAREHOLDERS MEETING

        
 Source text: https://tinyurl.com/36nfut5n  urn:newsml:reuters.com:*:nL8N3AU0NM
 Further company coverage:  CFN.LS   MCP.LS  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))