Goldbach takeover: COMCO to carry out in-depth review
Küsnacht, 09.05.2018. The Swiss Federal Competition Commission COMCO has announced an in-depth review of the Goldbach Group takeover by Tamedia. The completion of the acquisition has therefore been postponed to September or October 2018. In the meantime, a second trading line will be opened for the Goldbach shares that have already been tendered.
The Swiss Federal Competition Commission COMCO has decided to carry out an in-depth review of the planned acquisition of the Goldbach Group by Tamedia. The completion of the takeover will therefore be postponed until September or October 2018.
Another condition for Tamedia's acquisition of the Goldbach Group has already been met. By the end of the offer period on 11 April 2018, 96.90 percent of the maximum number of Goldbach Group's shares that are subject to the offer were tendered to Tamedia. Once the takeover has been completed, Tamedia plans to delist the Goldbach Group.
In view of the deferred completion of the takover, a second trading line will be opened in the coming days for the Goldbach shares that have been tendered as part of the public tender offer. On this second trading line, Goldbach shares (tendered Goldbach registered shares, security number 40350274, ISIN CH0403502740) tendered in the public purchase offer can be traded until a few days before the completion of the takeover.
Goldbach Group AG
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Goldbach Group AG
Leitung Kommunikation & Marketing / Public Affairs
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The corporate profile of the Goldbach Group
The Goldbach Group companies market and represent advertising in private electronic media in the areas of television, radio, digital-out-of-home, online, search engine and mobile marketing. As an independent aggregator, Goldbach offers its clients advertising windows where selected target groups receive commercial information at the right time irrespective of their location. The Group's core business comprises planning, consulting, creation, concept development, purchasing and implementation through to assessment of the deployment of electronic offline and online media and cross-media campaigns based on data-driven technologies.
The Goldbach Group is listed on the SIX Swiss Exchange (Swiss Reporting Standard, security number 487094, ISIN CH0004870942, ticker symbol: GBMN), is based in Switzerland (Küsnacht ZH) and is active in German-speaking countries.