De Mol Raises TMG Cash Offer to EU6.50 P/S Amid Takeover Battle
John de Mol’s Talpa raises intended bid on all outstanding TMG shares to EU6.50 in cash from previous EU6.35 bid, Talpa says in statement late Sunday.
- Bid represents a premium of 8.3% to Mediahuis, VP Exploitatie’s recommended March 5 offer, co. says
- Talpa will announce its position, further steps in short term, it says
- NOTE: Mediahuis, VP Exploitatie, TMG agree on cash offer for TMG Shrs
- NOTE: The supervisory board of TMG suspended both members of management board, TMG said Sunday
- NOTE: March 1, Talpa proposed takeover offer of EU6.35/share ($6.74)