Tamedia has been tendered 96.9 percent of Goldbach shares
The purchase of media marketer Goldbach by Zurich-based publisher Tamedia now only requires the approval of the Competition Commission. According to the definitive final result, 96.9 percent of Goldbach shares have been tendered to Tamedia, as Tamedia announced on Tuesday.
Tamedia had already provided these figures when publishing the provisional final results of the additional acceptance period a week ago. In December, the media group had announced the public purchase offer for all shares of the Goldbach Group.
On February 2, it published its detailed offer and offered 35.50 Swiss francs per registered share. At the end of the actual offer period in March, Tamedia held 89.48 percent of the shares.
| Maximum number of shares Goldbach Group | Number of shares tendered under the offer | Participation and success rate |
|---|---|---|
| 6'293'876 | 6'098'790 | 96.90% |
The takeover is still subject to the offer restrictions and conditions set out in the offer prospectus, including the approval of the Swiss Federal Competition Commission, according to the latest media release. It is expected that this will be obtained by September 2018 at the latest.
Tamedia has therefore postponed the completion of the Offer, subject to the fulfillment of all conditions of the Offer as reserved in the Offer Prospectus, to May or June 2018, respectively, or, in case of an in-depth review by the Swiss Federal Competition Commission, to September or October 2018, respectively. Tamedia intends to publish the exact completion date as soon as all conditions of the offer have been fulfilled. After completion of the takeover, Tamedia plans to delist the Goldbach Group. (SDA/pd/hae)
