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Quebecor Media Inc. Launches Take-Over Bid to Acquire All Outstanding Shares of Netgraphe Inc.

Publication: Business Wire
Publication Date: 17-MAY-04
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

MONTREAL--(BUSINESS WIRE)--May 17, 2004

Quebecor Media Inc. (TSX:QBR.A) (TSX:QBR.B) announced today that it intends to make offers to acquire, through a wholly-owned subsidiary, all of the outstanding Multiple Voting Shares and Subordinate Voting Shares of Netgraphe Inc. (TSX: WWW) that it and its affiliates do not already own at a price of $0.63 per share, payable in cash, for an aggregate consideration of approximately $24.5 million.

Quebecor Media's offers will take the form of take-over bids that will be conditional upon, amongst other things, at least 90% of the outstanding Multiple Voting Shares and...

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