M&A Activity • Jun 3, 2009
M&A Activity
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Amsterdam, June 3, 2009. Liberty Acquisition Holdings (International) Company (Euronext: LIAC) ("Liberty International") today announced that it has signed an exclusivity agreement with the Pearl Group and certain of its affiliates in connection with a transaction under which Liberty International would inject up to €600 million (approximately £520 million) of new equity in the Pearl Group in coordination with its shareholders and lending banks. The exclusivity agreement provides time during which the parties will work together to complete the documentation required to sign definitive transaction agreements. No assurance can be given that such definitive agreements will be signed, and that if signed, such transaction will be consummated. The final agreements, when signed will be subject to customary closing conditions, bank approvals, FSA approval and the approval of Liberty International's shareholders.
Liberty Acquisition Holdings (International) Company is a company incorporated to acquire businesses with principal operations outside North America through a merger, capital stock exchange, share purchase, asset acquisition, reorganization or similar transaction.
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