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TWX Time Warner Inc. New

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Share Name Share Symbol Market Type
Time Warner Inc. New AMEX:TWX AMEX Common Stock
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AOL Extends Acceptance Period for Recommended all Cash Offer for Tradedoubler

26/02/2007 7:00am

PR Newswire (US)


Time Warner Inc. New (AMEX:TWX)
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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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