Goldbach Media acquires 100% of Arbomedia shares
The advertising agency Goldbach Media, which took control of the German media agency Arbomedia back in September 2008, now intends to acquire all shares by November 21, 2008. The advertising agency has submitted a mandatory offer to the shareholders.
The advertising marketer Goldbach Media, which already took control of the German media marketer Arbomedia in September 2008, now definitely intends to purchase all shares by November 21, 2008. Goldbach Media currently holds around 3.3 million Arbomedia shares or 84.19 percent of the share capital and voting rights. The advertising marketer has submitted a mandatory offer to the shareholders in accordance with the provisions applicable in Germany. The offer price of EUR 9.80 per share is around 47 percent above the volume-weighted average price of Arbomedia shares. The advertising marketer has commissioned the bank Sal. Oppenheim jr. & Cie. to carry out the mandatory offer.
