On 14 May 2007 Schibsted ASA announced an offer to acquire the remaining shares in Stavanger Aftenblad ASA in accordance with mandatory bid rules. The bid price was NOK 234.33 per share. The bid period lasted between 25 June 2007 and 23 July 2007 at 16.30 CET.
After the end of the bid period, shareholders representing a total number of 1548708 shares in Stavanger Aftenblad have accepted Schibsted’s mandatory bid. Including these shares, Schibsted holds 5424078 shares in Stavanger Aftenblad, corresponding to 74.1 % of the total share capital in the company.
Settlement is intended to occur no later than 14 days after the end of the bid period.
Oslo, 24 July, 2007