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BRIEF-TMG upholds support for Mediahuis/VPE offer after Talpa's offer
June 15, 2017 / 8:56 AM / 6 months ago

BRIEF-TMG upholds support for Mediahuis/VPE offer after Talpa's offer

June 15 (Reuters) - TELEGRAAF MEDIA GROUP NV

* 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: bit.ly/2srMECC Further company coverage: (Gdynia Newsroom)

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