Investor Relations
News Detail
24th Jan 2007
Revised Offer to the Board of APN News & Media
This announcement follows Independent News & Media PLC's ('INM' or the 'Group') (ticker: INWS.I; INWS.L) announcement of 24th November last, regarding its approach to the Board of APN News & Media Limited ('APN') in respect of a possible leveraged buy-out of APN.
INM confirmed today that it has, in conjunction with Providence Equity Partners and The Carlyle Group (together the 'Consortium'), made an all-cash offer for the entire issued share capital of APN at a price of A$6.05 per share.
