WEGENER TAKEOVER

[BIZ: London, September 22]
The British media company Mecom, owner of Media Group Limburg, has expanded its holding in Wegener to 58.31%. This expansion means that in fact Mecom has three-quarters of the shares in its hands because 17% is owned by the Board of Wegener, which supports Mecom’s bid. The British Company has said that the Board is supporting Mecom’s offer. It said in May that it would make its bid when it had 75% of the shares. Mecom is offering EUR 17.70 per share in cash, which adds up to EUR 800m. The deadline is October 4.
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