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VNU Sale Offer Launched
VNU and its potential buyer Valcon have launched the private equity group's recommended public offer for all outstanding Ordinary Shares in the media and MR giant. Shareholders have until 5th May to accept the cash offer of EUR 28.75 per share.
VNU announced in March that it would be recommending the offer, from a company controlled by a private equity group consisting of affiliated funds of six investors. An AGM will be held on 18 April 2006 at 16.00 hours, Amsterdam time (10.00 hours New York time), at which the offer will be explained and discussed.
The acceptance period begins on 4 April 2006 and ends on 5 May 2006 at 15:00 hours, Amsterdam time (9:00 hours, New York time).
The Offer Conditions stipulate that at least 95% of the group's Ordinary Shares and at least 95% of its Preferred Shares must be sold, as set out in an attached Offer Memorandum. Details are available via the group's web site at www.vnu.com
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