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VNU Sale Update
VNU and Valcon have announced that more than half the remaining shares in the MR and media giant have been tendered since the end of the initial acceptance period on 19th May, giving the consortium more than 90% of the company.
On the latter date - already extended by two weeks from the initial deadline, just under the target 80% had been tendered, but Valcon opted to declare the offer unconditional in any case. A further 11.95% of ordinary shares have been tendered since then. Figures do not include shares held by VNU and its subsidiaries.
The post-acceptance period remains open until 9 June, whereupon Valcon has repeated its intention to de-list VNU, which is online at www.vnu.com .
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