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MTG Takeover Bid For Norway’s P4
After buying 9 million shares of P4 Radio Hele Norge from institutional investors (September 11) Modern Times Group (MTG) triggered a condition of the shareholders agreement forcing it to purchase all outstanding shares. MTG started the week holding 39%. The purchase of 9 million shares at NOK 30 (€3.58) brought its holding to 68%, triggering the mandatory buy-out of other shareholders
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