logo
  

De Persgroep To Acquire Mecom - Quick Facts

De Persgroep N.V. reported that the boards of De Persgroep and Mecom Group plc (MEC.L) have reached an agreement on the terms of a recommended cash offer pursuant to which De Persgroep Publishing N.V, a subsidiary of De Persgroep, will acquire all of the issued and to be issued share capital of Mecom. Each Mecom shareholder will be entitled to receive 155 pence in cash for each Mecom share they hold, which values the entire issued and to be issued share capital of Mecom, on a fully diluted basis, at approximately 196 million pounds.

The consideration payable by De Persgroep will be funded by a combination of existing cash resources and a new debt facility provided by BNP Paribas Fortis S.A./N.V.

Mecom, a company incorporated under the laws of England, is a European media group, with leading positions in the news and information publishing business in the Netherlands and Denmark. Mecom's Dutch division comprises the Koninklijke Wegener (Wegener) and Media Groep Limburg (Limburg) businesses. Mecom also operates national and local radio stations.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Drug major Pfizer has again expanded the earlier two recalls of its anti-smoking Drug Chantix (Varenicline) in the form of tablets, to now include all the lots, for the potential presence of nitrosamine impurity, N-Nitroso- varenicline, at or above the FDA interim acceptable intake limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Department store chain Sears is closing down its last store located in its home state of Illinois, CNBC reported. The company, which was founded in Chicago in 1892, plans to shut the shop, located in Simon Property Group's Woodfield Mall, on November 14. Sears' parent company, Transformco, which also manages the real estate, said it plans to maximize the value of the Woodfield Mall property and Amazon said over 1 million people have applied for a job at the tech major as part of its Career Day 2021. Job seekers from more than 170 countries have participated in the virtual event. In addition, more than 2,000 Amazon recruiters offered 30,000 individual career coaching sessions with participants in a single day.
Follow RTT