VNU Purchase Enters Final Phases

VNU and Valcon announced yesterday that the consortium now has more than 97% of shares in the MR and media giant, and confirmed that the process of delisting and of 'squeeze-out' of remaining shareholders will proceed.

The release states: 'VNU will request that the listing of the Ordinary Shares and the Preferred Shares on Euronext Amsterdam be terminated. Now holding over 95% of the share capital of VNU, Valcon also intends to initiate a squeeze- out procedure as referred to in article 2:92a of the Dutch Civil Code in order to acquire all Shares held by minority shareholders. Further details will follow.'

The post-acceptance period for the shares expired earlier this afternoon. Valcon expects to make a detailed announcement regarding its shareholding no later than 12 June (Monday).

VNU is online at www.vnu.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.