Tamedia has been tendered 96.9 per cent of Goldbach shares

The purchase of the media marketer Goldbach by the Zurich publishing house Tamedia now only requires the approval of the Competition Commission. According to the final result, 96.9 per cent of Goldbach shares have been tendered to Tamedia, as Tamedia announced on Tuesday.

goldbach-group-tamedia

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 2 February, it published its detailed offer and offered CHF 35.50 per registered share. At the end of the actual offer period in March, Tamedia held 89.48 per cent of the shares.

Goldbach Group Shares tendered
Maximum number of shares Goldbach GroupNumber of shares tendered under the offerParticipation and success rate
6'293'8766'098'79096.90%
Source: Goldbach

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 fulfilment of all conditions of the Offer as reserved in the Offer Prospectus, to May respectively June 2018 or, in the event of an in-depth review by the Swiss Federal Competition Commission, to September respectively October 2018. Tamedia intends to publish the exact completion date as soon as all conditions of the Offer have been fulfilled. Following the completion of the takeover, Tamedia plans to delist the Goldbach Group. (SDA/pd/hae)

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