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Metro takeover offer by Kinnevik

Kinnevik, Metro International’s major shareholder, has offered to acquire all outstanding shares of the Metro and all outstanding warrants.

The price of the bid for the shares is 46 to 47% higher than the current value.

The Independent Committee of the Board of Directors of Metro International unanimously recommends the shareholders and the warrant holders to accept the public offer made by Kinnevik.

Full press release can be read here.

Kinnevik now hold almost 50% of the shares (click on pictire to see bigger version). Acceptance by other shareholders is expected. The takeover will not change the strategy of Metro according to the press release.

metro_shareholders

This entry was posted on Monday, February 6th, 2012 at 10:02 and is filed under Publishers. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Metro takeover offer by Kinnevik”

  1. Newspaper Innovation » Blog Archive » Metro in 2012 Says:
    February 24th, 2012 at 00:35

    [...] have already been substantial in 2012. The main change will be in ownership as main shareholder Kinnevik has made an offer for the rest of the shares of the [...]