Pharma Investments, Ventures & Law Weekly
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Fortune Market Media, Inc.
Fortune Market Media, Inc. Makes Offer for Yellow Pages Israel Bond's Holders to Acquire Their Debtor in Possession Position
March 22nd, 2009
Fortune Market Media, Inc. (Pink Sheets: FTMK) announced that it has made an unsolicited binding offer to purchase all outstanding Bonds of GPM - owner of Yellow Pages Israel, and majority shareholder of Dunn & Bradstreet Israel and other web-based service companies from All Bond's Holders for $75 million and the assumption of all their rights per the bonds to the Company - held by these private bondholders. As a reminder, the prior offer by the Company to GPM's shareholders was contingent until February 28, 2009. As being rejected by BCM, and/or expired, the Company is making its offer directly to the Bond's Holders. The current offer to the Bond's Holders includes a...
Source: Pharma Investments, Ventures & Law Weekly (2009-03-22)
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