TMG: De Mol would drop out of takeover race if stalemate occurs (translated)
Dutch media tycoon John de Mol (Talpa) would drop out of its bidding race with Mediahuis over Telegraaf Media Groep [TMG.AS] if a stalemate between the two suitors arises, De Mol remarked in an interview with De Telegraaf.
Such a stalemate would be bad for the target company, De Mol said in the Dutch-language piece. Another possible reason for De Mol to drop out of the race would be if TMG does not share his thoughts on a new strategy for the business.
De Mol offered EUR 273m for TMG, while Belgian Mediahuis' earlier bid came in at EUR 243m, as previously reported.
De Mol reiterated in the interview he is not just interested in raising the price tag of TMG. He currently owns an 18.4% stake, as previously reported.
De Telegraaf newspaper which carried the interview is part of TMG.