Telefonica asks Merrill Lynch provide finance for eventual Endemol buyer UPDATE |
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Published
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Fri, 09 Mar 2007 16:16
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(Updates saying Telefonica has retained Lehman Bros as its financial advisor)AMSTERDAM (AFX) - Telefonica SA said it has asked Merril Lynch to offer stapled financing to the eventual buyer of Endemol NV as the Spanish group is exploring strategic options for the sale of all or part of its 75 pct stake in the Dutch television company.If Telefonica were to decide to divest its 75 pct stake in Endemol, it said it would solicit from the potential purchaser a public offer for the other 25 pct of the shares outstanding in Endemol.In asking Merrill Lynch to offer stapled financing to the purchaser, Telefonica also said it has retained Lehman Brothers as its financial advisor.aaron.gray-block@thomson.comagb/jsaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited
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Mediaset mulls alliance with Goldman Sachs to bid for Endemol - report 