Telegraaf Media Groep N.V. (“TMG”) has taken note of the press release published by Talpa Holding N.V. (“Talpa”) yesterday evening. Talpa has announced it will not declare the offer on TMG unconditional (“gestand doen”) and will discontinue its attempt to acquire TMG as a whole.
Mediahuis has owned the majority (64.66%) of TMG shares since 2 July. Consequently, the condition that at least 50% of the shares had to be acquired, could not be fulfilled. Talpa has now indicated to hold a stake of 29.16% in TMG and to stay involved as an active minority shareholder, pursuing open and constructive communications with TMG and Mediahuis.
TMG is pleased with the peace and clarity this brings, which will allow the company to fully focus on the future. Together with Mediahuis, it will continue to build a media company with a solid market pos...Read more from this release