Swedish Investment Firm Offers $171M For Newspaper Co.

Law360, New York (February 6, 2012, 6:18 PM EST) -- Swedish investment firm Investment AB Kinnevik, a majority shareholder of the company that publishes the free newspaper Metro, launched an SEK1.15-billion ($171-million) bid Monday to take over the rest of the company that runs the world's largest global newspaper.

If approved, the all-cash buyout deal would pay shareholders of the Luxembourg-based Metro International SA a 46 to 47 percent premium on the value of their class A and B shares, the company said Monday in a statement that urged shareholders to approve the offer.

Metro publishes...
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