The takeover of newspaper group Wegener by British media firm Mecom may be in doubt following the refusal of shareholder Governance for Owners (GO) to tender its 13.3% stake.
GO’s position means Mecom cannot reach its target 95% ownership before declaring the offer successful. GO says Mecom is ‘considerably undervaluing’ Wegener. The British group has offered €17.70 a share.
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