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Published in House and Home on Wednesday, June 13th 2012 at 23:40 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
June 14, 2012 01:59 ET
TECHNICOLOR : Technicolor received an offer from Vector Capital
PARIS--(Marketwire - Jun 14, 2012) - Technicolor confirms that the Company received on June 13 at 10:00pm a binding and irrevocable offer from Vector Capital ("Vector").
This offer amends the offer submitted by Vector to Technicolor on May 25 by raising the subscription price of the shares to be issued under the reserved capital increase from EUR1.90 to EUR2.0, so that, according to Vector, the total capital increase proceeds would be comprised between EUR167 million and EUR 191 million, compared to the proceeds implied by the Vector initial offer comprised between EUR162 million and EUR186 million.
According to its offer, Vector will submit to the Shareholders' Meeting to be held on June 20 amendments to the resolutions filed on May 25 in order to reflect the terms of its new offer.
The amendments to the Vector resolutions filed on May 25 and the new offer are available on the Company's website.
About Technicolor
Technicolor, a worldwide technology leader in the media and entertainment sector, is at the forefront of digital innovation. Our world class research and innovation laboratories enable us to lead the market in delivering advanced video services to content creators and distributors. We also benefit from an extensive intellectual property portfolio focused on imaging and sound technologies, based on a thriving licensing business. Our commitment: supporting the delivery of exciting new experiences for consumers in theaters, homes and on-the-go. (
Vector VUS: [ http://hugin.info/143597/R/1619606/517309.pdf ]
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Source: TECHNICOLOR via Thomson Reuters ONE [HUG#1619606]