Wegener takeover uncertain

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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