Talpa loses court appeal against TMG bid process

Wednesday 22 March 2017 | 10:53 CET | News
The Enterprise Chamber of the Amsterdam court has rejected the case brought by Talpa Holding in its battle to acquire the Telegraaf Media Group. Talpa, the holding company of Dutch TV mogul John de Mol, claimed that the publisher did not give its takeover offer fair consideration and favoured a rival bid from the Belgian consortium Mediahuis/VPE. The court rejected all its claims, saying there was no justification to doubt whether TMG followed the appropriate procedures. While Talpa launched a higher bid for TMG, the Mediahuis consortium already has support of 60 percent of the company's

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Categories: General
Companies: Telegraaf Media Groep / TMG
Countries: Netherlands
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