De Nolf Family Reopens Bid for Roularta Media Group, Aiming for Full Control
Roeselare – The West Flemish entrepreneurial family De Nolf has reopened its bid for Roularta Media Group for a second time, seeking to increase its already significant stake in the media company. The company itself announced this development.
Following the initial reopening of the bid at 15.5 euros per share, the De Nolf family, through its investment vehicle Koinon, now controls over 93 percent of Roularta Media Group’s shares. This increased ownership is sufficient to delist the company from the stock market. A joint press release from Roularta and Koinon stated that 58.74 percent of the total shares subject to the public takeover bid were tendered during the first reopening.
Rik De Nolf commented on the decision to reopen the bid, noting, “Numerous questions and reactions show that many have failed to put their shares into the bid in time. With the reopening of the bid, we want to give them a vrey last chance to turn to their banking institution and sign up on the bid.”
The extended offer period will run from July 18 to July 2
