PARIS--(Marketwire - Jun 14, 2012) - Technicolor confirms that the Company received
on June 13 at 10:00pm a binding and irrevocable offer from Vector
This offer amends the offer submitted by Vector to Technicolor on May
raising the subscription price of the shares to be issued under the
capital increase from EUR1.90 to EUR2.0, so that, according to Vector,
capital increase proceeds would be comprised between EUR167 million and
million, compared to the proceeds implied by the Vector initial offer
between EUR162 million and EUR186 million.
According to its offer, Vector will submit to the Shareholders' Meeting
held on June 20 amendments to the resolutions filed on May 25 in
reflect the terms of its new offer.
The amendments to the Vector resolutions filed on May 25 and the new
available on the Company's website.
Technicolor, a worldwide technology leader in the media and
sector, is at the forefront of digital innovation. Our world class
innovation laboratories enable us to lead the market in delivering
video services to content creators and distributors. We also benefit
extensive intellectual property portfolio focused on imaging and
technologies, based on a thriving licensing business. Our commitment:
the delivery of exciting new experiences for consumers in theaters,
on-the-go. (EURONEXT PARIS: TCH) www.technicolor.com
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Source: TECHNICOLOR via Thomson Reuters ONE