AOL Extends Acceptance Period for Recommended all Cash Offer for Tradedoubler
February 26 2007 - 2:00AM
PR Newswire (US)
The Acceptance Period is Extended Until March 14, 2007 NEW YORK,
DULLES. Virginia and STOCKHOLM, Sweden, February 26
/PRNewswire-FirstCall/ -- AOL LLC ("AOL")(NYSE:TXL) (LSE:TWXL),
through its indirect wholly-owned subsidiary AOLS Holdings AB, a
private limited liability company organized under the laws of
Sweden ("AOLS Holdings"), announced on January 15, 2007 a public
cash offer to the holders of ordinary shares and warrants in
TradeDoubler AB (publ), a public company organized under the laws
of Sweden ("TradeDoubler"), to tender all TradeDoubler ordinary
shares and warrants of series 2004/2007 and series 2006/2010 (other
than warrants held by TradeDoubler or any of its subsidiaries that
were not allocated as of January 15, 2007 in respect of employee
compensation programs) to AOLS Holdings (the
"Offer").TradeDoubler's Board of Directors has unanimously
recommended that its shareholders accept the offer. AOLS Holdings
has received all necessary clearances from relevant competition
authorities in order to proceed with completion of the Offer. AOLS
Holdings extends the acceptance period until 17.00 (CET) on March
14, 2007 in order to provide holders of TradeDoubler shares and
warrants that have not yet tendered their shares and warrants with
the opportunity to tender into the Offer. During the extended
acceptance period the same conditions to the Offer, including the
right to waive such conditions, will apply as during the initial
acceptance period, save for the condition regarding regulatory
approvals which has already been fulfilled. Provided that AOLS
Holdings announces that the conditions to the Offer have been
fulfilled or waived on March 19, 2007, settlement is expected to
commence on or about March 21, 2007. The offer document is
available in English and Swedish at http://www.corp.aol.com/ and at
http://www.morganstanley.com/tradedoubleroffer/. DATASOURCE: Time
Warner CONTACT: For further information, please contact: AOL
Corporate Communications, Tricia Primrose Wallace (+1)-(703)
265-2896, Brunswick Group LLP, Tim Burt (+44)-207 404-5959, Anders
Fogel (+46)-709-627-842. Time Warner Corporate Communications,
Edward Adler (+1)-(212)-484-6630, Keith Cocozza
(+1)-(212)-484-7482. Time Warner Investor Relations, Jim Burtson
(+1)-(212)-484-8719, Chris Clipper (+1)-(212)-484-6297, Mark Holmes
(+1)-(212)-484-8206
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