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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.

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