{"id":748,"date":"2017-09-21T17:29:02","date_gmt":"2017-09-21T15:29:02","guid":{"rendered":"http:\/\/axeco.0to9.io\/?p=748"},"modified":"2022-02-21T17:35:30","modified_gmt":"2022-02-21T16:35:30","slug":"mediahuis-and-vp-exploitatie-confirm-finalization-tmg-take-over","status":"publish","type":"post","link":"https:\/\/axeco.0to9.io\/nl\/mediahuis-and-vp-exploitatie-confirm-finalization-tmg-take-over\/","title":{"rendered":"Mediahuis and VP Exploitatie confirm finalization TMG take-over"},"content":{"rendered":"

Mediahuis\u2019 and VP Exploitatie\u2019s have declared its announced public offer for all of TMG\u2019s issued and outstanding shares unconditional, finalizing the company\u2019s take-over. The acquisition produces a leading Dutch-Belgian news company with a solid position and strong brands.<\/strong><\/em><\/p>\n

Axeco Corporate Finance is pleased to have advised the shareholders of TMG Preference Share Trust<\/strong><\/em><\/p>\n

Mediahuis, VP Exploitatie, Gerald BidCo B.V (\u201cthe Offeror\u201d) and TMG today jointly announce that the Offeror has declared its previously announced public offer (the \u201cOffer\u201d) for all of TMG\u2019s issued and outstanding (depositary receipts for) shares (the \u201cShares\u201d) unconditional. With this Mediahuis and VP Exploitatie confirm that they will finalize the take-over of TMG. With the currently tendered Shares they will hold 61,38 % of the Shares.<\/p>\n

Jan Nooitgedagt, Acting Chairman of the Supervisory Board TMG: <\/strong><\/p>\n

\u201cToday is an important day for TMG. Now that Mediahuis and VP Exploitatie have declared the offer unconditional, a turbulent period can left behind us. The combination of TMG together with Mediahuis assures the convincing strategy by TMG can be implemented. The combined forces create a leading Dutch-Belgian news company with a solid position and strong brands. Together we are able to invest in content, technology and innovation. Under the management of Marc Vangeel and Koos Boot, the organization will focus on the future again. I would like to thank Hans Bakker for all his efforts as general manager in the past period with his constructive focus on the operation during this complicated period we went through. We are convinced that the combination with Mediahuis is a guarantee for a solid future of TMG and its employees.\u201d <\/em><\/p>\n

Gert Ysebaert, CEO Mediahuis: <\/strong><\/p>\n

\u201cWe are very pleased to announce that we have declared the offer for TMG unconditional. Now we can start building a successful, stable and leading Dutch-Belgian multimedia company. In the coming years, Mediahuis will continue to focus on TMG\u2019s core news division and support investments in journalism, technology and innovation. We are convinced that the new CEO Marc Vangeel, CFO Koos Boot and TMG\u2019s management and the editorial boards and staff will give TMG and its brands, like the iconic news brand De Telegraaf, a strong position in the fast changing media landscape.\u201d<\/em><\/p>\n

Guus van Puijenbroek, VP Exploitatie: <\/strong><\/p>\n

\u201cWith the declaration of the offer being unconditional, we have brought TMG in the safe haven that Mediahuis represents. As a family with a long history as involved shareholders, we are looking forward to seeing TMG being brought back on track and develop itself further. We have totalfaith in the new management that they will reignite TMG with all its distinctive brands like De Telegraaf, and that the company will develop in the right way in a difficult market.\u201d<\/em><\/p>\n

Transaction Highlights<\/strong><\/p>\n