According to the report of the settlement agent for the offer, as of
The offer and withdrawal rights will now expire at 12:00 midnight,
Mid Europa has extended the expiration date of the offer in order to allow all of Invitel's investors additional time to participate in the offer, including investors who may not have had an opportunity to tender due to the holiday season, and including investors who are required to provide instructions to tender through their bank, broker or other nominee. Mid Europa is gratified by the support that it has received to date from Invitel shareholders and Mid Europa remains fully committed to completing this transaction successfully.
Assuming that Mid Europa controls more than 90% of the outstanding Invitel Shares following the completion of the offer, any Invitel Shares not acquired in the offer are expected to be acquired in a subsequent compulsory acquisition procedure under Danish law at the same per share cash price offered in the offer.
ABOUT MID EUROPA PARTNERS
Mid Europa Partners is a leading independent private equity firm focused
on Central and
ABOUT INVITEL HOLDINGS A/S
Invitel Holdings A/S, formerly Hungarian Telephone and Cable Corp.,
operating under the Invitel brand name, is the number one alternative and the
second-largest fixed line telecommunications and broadband Internet Services
Provider in the Republic of
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Statements about the expected effects, timing and completion of the proposed transaction and all other statements in this release other than historical facts, constitute forward-looking statements. You can identify forward-looking statements because they contain words such as "believes," "expects," "may," "will," "would," "should," "seeks," "approximately," "intends," "plans," "estimates," or "anticipates" or similar expressions which concern our strategy, plans or intentions. These statements are based on current expectations and involve risks and uncertainties relating to, among other things, general economic factors, business and capital market conditions, general industry trends, changes in tax law requirements and government regulation. Mid Europa does not undertake publicly to update or revise any forward-looking statement that may be made in this release, whether as a result of new information, future events or otherwise.
Shareholders of Invitel are advised to read the Tender Offer Statement on Schedule TO and Rule 13e-3 Transaction Statement filed under cover of Schedule TO (as amended), the offer to purchase and any other documents relating to the tender offer that are filed with the United States Securities and Exchange Commission (the "SEC") by Mid Europa and Invitel because they contain important information. Invitel shareholders may obtain copies of these documents free of charge at the SEC's web site at http://www.sec.gov or by calling Innisfree M&A Incorporated, the Information Agent for the offer, at +1-888-750-5834 (shareholders) or +1-212-750-5833 (banks and brokers).
SOURCE Mid Europa Partners & Invitel Holdings A/S