INTERVIEW-Mecom has no plan to sweeten Wegener bid
LONDON, Sept 11 (Reuters) - UK-based European newspaper publisher Mecom Group Plc (MEC.L) said on Tuesday it has not looked at improving the terms of its bid for Dutch publisher Wegener (WEGA.AS).
"That's something we haven't considered," Mecom's Executive Chairman told Reuters in an interview when asked if the company would consider improving the terms of its bid.
"Our board and the Wegener board agree that this is a fair price," Montgomery added.
Mecom owns just under 35 percent of Wegener's shares.
Last week, British fund Governance for Owners, which has a 13.3 percent stake in Wegener, said Mecom's bid, which values the company at around 806 million euros ($1.11 billion), did not reflect its true value. Montgomery said Germany, Poland and parts of northern France were areas where Mecom was looking at acquisition opportunities to strengthen its position in the European regional and door-to-door newspaper market.
((Reporting by Gavin Haycock, editing by Rory Channing; gavin.haycock@reuters.com; Reuters Messaging: gavin.haycock.reuters.com@reuters.net; +44 0207 5427954))
($1=.7252 Euro) Keywords: MECOM RESULTS/CHAIRMAN
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