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TMG - Telegraaf Media Groep NV News Story

€6 -0.1  -1.0%

Last Trade - 21/02/18

Sector
Consumer Cyclicals
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £266.7m
Position in Universe th / 846

BRIEF-TMG states formal objection to Talpa offer

Tue 20th June, 2017 6:55am
June 20 (Reuters) - TELEGRAAF MEDIA GROUP NV  TLGNc.AS  
    * ANNOUNCED ON MONDAY ITS FORMAL POSITION ON THE TALPA OFFER 
    * STRATEGY INCLUDES CERTAIN GOOD ELEMENTS BUT DOES NOT PAY 
ATTENTION TO DIFFICULT MARKET ENVIRONMENT REGARDING CORE 
ACTIVITIES OF TMG AND ITS EXECUTION RISKS 
    * MEDIAHUIS STRATEGY IS MORE CONVINCING FOR A SUCCESSFUL AND 
SOLID FUTURE OF TMG 
    * SUPERVISORY BOARD DOES NOT FIND TALPA OFFER REALISTIC AS 
IT IS IMPOSSIBLE FOR TALPA TO ACQUIRE A MAJORITY STAKE 
    * PRICE OFFERED BY TALPA (EUR 6.50/SHARE) IS FAIR BUT PART 
OF AN UNCERTAIN PROPOSAL AND TALPA WILL NOT HAVE TO DECLARE 
OFFER UNCONDITIONAL AS ACQUIRING A MAJORITY STAKE WILL BE 
IMPOSSIBLE  
    * PRICE OFFERED BY MEDIAHUIS/VPE CONSORTIUM (EUR 6.00/SHARE) 
IS FAIR AND CERTAIN 
 
     
Source text: http://bit.ly/2rLovYr 
Further company coverage:  TLGNc.AS   
    
 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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