Alma Media Corporation will terminate the buy order in Helsinki Stock Exchange as the tender offer for Talentum shares has commenced
Alma Media Corporation Stock Exchange Release 20 August 2009 at 8:30
ALMA MEDIA CORPORATION WILL TERMINATE THE BUY ORDER IN HELSINKI STOCK EXCHANGE AS THE TENDER OFFER FOR TALENTUM SHARES HAS COMMENCED
NOT FOR DISTRIBUTION IN AUSTRALIA, HONG KONG, JAPAN, SOUTH AFRICA, CANADA OR THE UNITED STATES
Alma Media Corporation ("Alma Media") announced on 10 August 2009 that it will make a mandatory tender offer for all of the issued and outstanding shares in Talentum Oyj ("Talentum") (the "Tender Offer"). The Tender Offer commenced on 19 August 2009 at 9.30 a.m. (Finnish time) and will end on 15 September 2009 at 4.00 p.m. (Finnish time) unless the Tender Offer is extended or discontinued in accordance with its terms and conditions. The price offered for each share in Talentum validly tendered in accordance with the terms and conditions of the Tender Offer is EUR 1.85 in cash.
On 12 August 2009, Alma Media announced that it has set a buy order in NASDAQ OMX Helsinki stock exchange for approximately eight million Talentum shares at a time and that the buy order is connected with the Tender Offer. The price limit for the share purchases was equal to the cash consideration offered in the Tender Offer (EUR 1.85). Alma Media has resolved that this buy order shall be terminated as of today, due to the commencement of the offer period of the Tender Offer.
Alma Media Corporation
Corporate Communications and IR
Kai Telanne, President and CEO, tel. +358 10 665 3500
NASDAQ OMX Helsinki
Alma Media in brief
Alma Media is a profitable and internationally expanding company that invests in the future of newspapers and online media. Its best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.
Net sales in 2008 totalled EUR 341 million and the operating margin was over 14%. The company's share is listed in the Mid Cap segment of the NASDAQ OMX Helsinki. Please visit www.almamedia.com for further information.
This release may not be released or otherwise distributed, in whole or in part, in or into Australia, Hong Kong, Japan, South Africa, Canada or the United States. This release is not a tender offer document and as such does not constitute an offer or invitation to make a sales offer. Investors shall accept the Tender Offer for the shares only on the basis of the information provided in a tender offer document. Offers will not be made directly or indirectly in any jurisdiction where either an offer or participation therein is prohibited by applicable law or where any tender offer document or registration or other requirements would apply in addition to those undertaken in Finland.
The Tender Offer is not being made in any jurisdiction where prohibited by applicable law and the tender offer document and related acceptance forms will not and may not be distributed, forwarded or transmitted into or from any jurisdiction where prohibited by applicable law. In particular, the Tender Offer is not being made, directly or indirectly, in or into, or by use of the postal service of, or by any means or instrumentality (including, without limitation, facsimile transmission, telex, telephone or the Internet) of interstate or foreign commerce of, or any facilities of a national securities exchange of, Australia, Hong Kong, Japan, South Africa, Canada or the United States. The Tender Offer cannot be accepted by any such use, means or instrumentality or from within Australia, Hong Kong, Japan, South Africa, Canada or the United States.
- Date: 20.8.2009, 10:30
- News type: Stock exchange release
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