Private Equity Consortium Seeks Delisting of VNU Shares
VNU said in the statement that it plans to request that the listing of the ordinary shares and the preferred shares on Euronext Amsterdam be terminated. Now holding over 95 percent of the share capital of VNU, Valcon said it also intends to initiate a squeeze-out procedure in order to acquire all shares held by minority shareholders.
The news release went on to remind shareholders that the post-acceptance period expires at 3 p.m. Amsterdam time 9 a.m. Eastern Standard Time on June 9 and that any shares not yet tendered can still be tendered during the remainder of the post-acceptance period. Shareholders can tender their ordinary shares and/or preferred shares in the same manner and subject to the same conditions as described in the offer memorandum and press releases distributed by Valcon between May 4 and 21. Valcon expects to make a detailed announcement regarding the number of shares held by Valcon by June 12.