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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 £266.6m
Position in Universe th / 847

REFILE-BRIEF-Mediahuis/VP Exploitatie launch recommended public cash offer on all TMG shares

Wed 19th April, 2017 8:26pm
(Fixes typo in headline) 
    April 19 (Reuters) - Telegraaf Media Groep NV  TLGNc.AS : 
    * Launch of recommended public cash offer by Mediahuis and 
VP Exploitatie for all shares of TMG 
    * Recommended public cash offer by mediahuis and vp 
exploitatie for all issued and outstanding (DRs for) ordinary 
and priority shares of tmg, at offer price of 6.00 euros ($6.43) 
cum dividend 
    * Offer price represents a premium of 73% to the closing 
price of the shares of 3.48 euros on Dec. 13, 2016 
    * Supervisory board of TMG, also acting in its temporary 
capacity as acting executive board of TMG, fully and unanimously 
supports the offer 
    * Supervisory board of TMG, also acting in its temporary 
capacity as acting executive board of TMG,unanimously recommends 
the shareholders to accept the offer and tender their shares 
under the offer 
    * Combined group will be led by new leadership, with mr. M. 
Vangeel as the new CEO and mr. c.g. Boot as the new CFO 
    * Acceptance period for shareholders to tender their shares 
commences on April 20, 2017 at 09:00 cet, and ends on June 15, 
2017 at 17:40 cet 
    * Completion of the offer is expected in July 2017 
 
Source text: http://bit.ly/2oPSMR2 
Further company coverage:  TLGNc.AS  
 
($1 = 0.9334 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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