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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 £268.4m
Position in Universe th / 846

De Mol launches cash offer on all outstanding TMG shares

Wed 14th June, 2017 6:46am
June 14 (Reuters) - Dutch tycoon John de Mol launched a full 
cash offer on all outstanding shares in Telegraaf Media Group 
 TLGNc.AS  through his investment vehicle Talpa, it said on 
Tuesday, valuing the Dutch media group at around 300 million 
euros. 
    Talpa said it would offer 6.50 euros ($7.29) in cash per 
share. 
    A lower bid around 274 million euros or 6 euros per share by 
Belgian publisher Mediahuis and partner VP Exploitatie received 
TMG's supervisory board's backing in April.  urn:newsml:reuters.com:*:nL8N1HR5UX  
    Mediahuis and VP Exploitatie have taken notice of de Mol's 
offer, they said in a joint statement on Tuesday, adding that 
their offer is the only one leading to the acquisition of TMG. 
    Mediahuis and VP Exploitatie already have a near 60 percent 
stake in the owner of De Telegraaf, the Netherlands' largest 
newspaper. 
 
($1 = 0.8916 euros) 
 
 (Reporting by Wout Vergauwen; Editing by Sunil Nair) 
 ((wout.vergauwen@thomsonreuters.com; +48 58 772 0244;)) 
 
Keywords: TELEGRAAF MEDIA GROUP MEDIAHUIS/M&A
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