PubliGroupe Gains on Bid From Swiss Newspaper Publisher Tamedia

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
http://www.editorandpublisher.com/news/publigroupe-gains-on-bid-from-swiss-newspaper-publisher-tamedia/">
LinkedIn

By: Jan Schwalbe | Bloomberg

PubliGroupe SA (PUBN) surged as much as 25 percent to the highest in almost three years after Tamedia AG (TAMN), which publishes the Zurich daily newspaper Tages-Anzeiger, bid for the advertising company to strengthen its position in the directory business.

The stock reached 158.70 Swiss francs, the highest since July 2011, in intraday trading. The shares traded up 23 percent at 12:01 p.m. in Zurich, giving the Lausanne-based company a market value of 346 million francs ($391 million). Tamedia shares advanced 2.7 percent.

Comments:

Your email address will not be published. Required fields are marked *

Editor & Publisher App: Android Phone

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your Android device

Click below to download
and install the Android app.

CLOSE

Editor & Publisher App: Android Tablet

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your Android tablet

Click below to download
and install the Android app.

CLOSE

Editor & Publisher App: iPad

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your iPad

Click below to download
and install the App.

CLOSE

Editor & Publisher App: iPhone

Enjoy everything in the Print edition in an
easy-to-read, easy-to-navigate format
designed exclusively to fit your iPhone device

Click below to download
and install the iPhone app.

CLOSE