Prisa shareholders to vote on 27 Nov on Liberty acquisition

Wednesday 27 October 2010 | 11:40 CET | News
Spanish media group Prisa has called an EGM for 27 November for its shareholders to approve a 50 percent acquisition by US investment fund Liberty. Under an agreement reached in March, 1 Liberty share will be swapped for every 1.5 new Prisa ordinary shares, 3 new converible shares with no voting rights and USD 0.50 in cash. The shares without voting rights can be converted into ordinary shares within 42 months. Holders of Libery warrants will be able to exchange them for 0.45 new ordinary shares in Prisa and USD 0.90 in cash. Depending on the rate of acceptance of Liberty's shareholders, who

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Categories: Broadcast & Satellite / Internet
Companies: Prisa
Countries: Spain
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