Quebecor Media has Acquired 91.54 % of Nurun's Common Shares not Previously Held by It
20 2월 2008 - 11:11AM
Marketwired
MONTREAL, QUEBEC , including shares deposited by guaranteed
delivery. Together with the Nurun common shares taken up and
acquired by Quebecor Media on February 15, 2008 and with the terms
and conditions of the bid having been complied with, an aggregate
of 14,640,550 Nurun common shares, representing 91.54 % of all such
shares not previously held by Quebecor Media and its affiliates,
have now been taken up and acquired by Quebecor Media pursuant to
its offer to purchase for cash all of the issued and outstanding
common shares of Nurun not previously held by it and its affiliates
for a price of Cdn$4.75 per Nurun common share. Quebecor Media now
owns, directly and indirectly, 96.20 % of all currently issued and
outstanding Nurun common shares.
Payment for the Nurun common shares taken up and acquired by
Quebecor Media on February 19, 2008 is expected to be made on or
prior to February 22, 2008.
Quebecor Media intends, as soon as practicable, to acquire the
remaining Nurun common shares by means of a statutory compulsory
acquisition procedure under the applicable provisions of the Canada
Business Corporations Act at the same price as the offer price.
Quebecor Media also intends, upon acquiring a sufficient number
of Nurun common shares, to de-list the common shares from the
Toronto Stock Exchange and to apply to the applicable Canadian
securities regulatory authorities for an order deeming Nurun to no
longer be a reporting issuer.
About Quebecor Media
Quebecor Media Inc., a subsidiary of Quebecor Inc., owns
operating companies in numerous media-related businesses: Videotron
Ltd., the largest cable operator in Quebec and a major Internet
Service Provider and provider of telephone and business
telecommunications services; Sun Media Corporation, Canada's
largest national chain of tabloids and community newspapers; TVA
Group Inc., operator of the largest French-language
general-interest television network in Quebec, a number of
specialty channels, and the English-language general-interest
station Sun TV; Canoe Inc., operator of a network of English- and
French-language Internet properties in Canada; Nurun Inc., a major
interactive technologies and communications agency with offices in
Canada, the United States, Europe and Asia; companies engaged in
book publishing and magazine publishing; and companies engaged in
the production, distribution and retailing of cultural products,
namely Archambault Group Inc., the largest chain of music stores in
eastern Canada, TVA Films, and Le SuperClub Videotron ltee, a chain
of video and video game rental and retail stores.
Contacts: Quebecor Media Luc Lavoie Executive Vice President,
Corporate Affairs 514-380-1974 lavoie.luc@quebecor.com
Quebecor (TSX:QBR.A)
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