The battle for taking over the Telegraaf Media Group escalated on Sunday. Commissioners on the TMG supervisory board suspended the group's CEO Geert-Jan van der Snoek and CFO Leo Epskamp with immediate effect due to a breach of trust, they announced in a statement on Sunday evening, the Volkskrant reports.
The commissioners also announced a final agreement with a new, slightly higher bid made by Flemish Mediahuis and VP - the investment company of the Van Puijenbroek family.
Talpa is not giving up in the struggle to take over the Telegraaf Media Group (TMG), despite the supervisory board's decision to negotiate exclusively with rival Mediahuis about a takeover. On Wednesday morning, Talpa increased its bid to 6.35 euros per share, well above the 5.90 euros per share Mediahuis offered for TMG, Het Parool reports.
Dutch media mogul John de Mol's company Talpa made a bid for acquiring media group TMG, the parent company of Dutch newspapers De Telegraaf and Metro, among others. The offer price is 5.90 euros per share, Talpa announced on Monday, ANP reports.
