Brief: Cofina Says Media Capital Considers Its BAFO No Longer Valid

Grupo Media Capital SGPS SA

13/10/2023 16:55

Oct 13 (Reuters) - Cofina SGPS SA  CFN.LS :
    * INFORMS OF COMMUNICATION RECEIVED FROM GRUPO MEDIA CAPITAL
    * INFORMS THAT MEDIA CAPITAL HAS SENT A LETTER TO COFINA
SGPS IN
WHICH IT COMMUNICATED THAT, IT CONSIDERS THAT MEDIA CAPITAL'S
BAFO ('BEST AND FINAL OFFER') IS NO LONGER VALID
    * MEDIA CAPITAL CONSIDERS THAT IT IS NOT APPROPRIATE FOR
MEDIA
CAPITAL'S BAFO TO BE ASSESSED AND VOTED ON BY GENERAL
SHAREHOLDERS’ MEETING OF COMPANY
    * INFORMS THAT MEDIA CAPITAL CONSIDERS THAT MEDIA CAPITAL'S
BAFO
SHOULD NOT BE MADE AVAILABLE FOR CONSULTATION BY CO'S
SHAREHOLDERS AND SHOULD CONTINUE TO BE DEALT WITH PRIVATELY BY
THE CO
    * CLARIFIES THAT IT HAS IMPLEMENTED THE NECESSARY MEASURES
TO MEET
MEDIA CAPITAL'S VIEWS

Source text: https://tinyurl.com/5n7vbmce;  urn:newsml:reuters.com:*:nL8N3B10LF
Further company coverage:  CFN.LS 

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