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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 upholds support for Mediahuis/VPE offer after Talpa's offer

Thu 15th June, 2017 9:55am
June 15 (Reuters) - TELEGRAAF MEDIA GROUP NV  TLGNc.AS  
    * SAID ON WEDNESDAY IT TAKES NOTE OF TALPA'S UNSOLICITED AND 
UNREALISTIC OFFER 
    * TMG UPHOLDS SUPPORT FOR OFFER BY MEDIAHUIS AND VP 
EXPLOITATIE FOR BEST FUTURE FOR TMG AND ITS STAKEHOLDERS 
    * AFTER FIRST EXAMINATION OF THE OFFER FROM TALPA 
SUPERVISORY BOARD MAINTAINS ITS RECOMMENDATION AND SUPPORT FOR 
THE OFFER FROM MEDIAHUIS AND VP EXPLOITATIE 
    * SUPPORT FOR MEDIAHUIS/VP EXPLOITATIE OFFER BASED UPON THE 
CONVINCING STRATEGY, THE DEAL CERTAINTY OF THAT OFFER, THE FAIR 
AND CERTAIN PRICE AND THE NON-FINANCIAL COVENANTS AS EXPLAINED 
IN THE POSITION STATEMENT  
    * OFFER FROM TALPA HAS NOT CHANGED MATERIALLY COMPARED TO 
THE EARLIER INDICATIVE OFFERS FROM TALPA, AND WITH THAT, AS 
PREVIOUSLY NOTED, IS UNREALISTIC 
 
     
Source text: http://bit.ly/2srMECC 
Further company coverage:  TLGNc.AS   
    
 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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