(Reuters) - TMG has an option that would give it 6 percent of the
ProSiebenSat.1 Group's share capital, or 12 percent of the
shares that carry the voting rights, ProSieben and TMG said in
separate statements.
The option to buy about 13.1 million shares in
ProSiebenSat.1 from Lavena, the holding company owned by private
equity firms KKR [KKR.UL] and Permira [PERM.UL], at 34.71 euros
per share can be exercised by June 1, 2008.
Lavena has a put option until Aug. 15, 2008, to sell the
shares to TMG at 28.71 euros per share. In both cases, dividends
will be subtracted from the transaction price.
Read more at Reuters.com Mergers News
ProSiebenSat.1 Group's share capital, or 12 percent of the
shares that carry the voting rights, ProSieben and TMG said in
separate statements.
The option to buy about 13.1 million shares in
ProSiebenSat.1 from Lavena, the holding company owned by private
equity firms KKR [KKR.UL] and Permira [PERM.UL], at 34.71 euros
per share can be exercised by June 1, 2008.
Lavena has a put option until Aug. 15, 2008, to sell the
shares to TMG at 28.71 euros per share. In both cases, dividends
will be subtracted from the transaction price.
Read more at Reuters.com Mergers News
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