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Netgem SA Announces Offer to Merge with Video Futur Entertainment Group SA


Tuesday, 14 May 2013 02:13pm EDT 

Netgem SA announced the launch of a simplified merger process with Video Futur Entertainment Group SA. As per the terms of public tender offer closed on April 23, 2013, Netgem SA will offer 1 Netgem share for 20 shares held in Video Futur Entertainment Group SA. Following the merger, Videofutur will cease to exist as a legal entity and all Videofutur convertible bonds and warrants will give right to acquire Netgem SA shares. The merger project will be submitted for approval by the Netgem board of directors and at the general meeting of Videofutur, which will be held in August 2013. 

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