| Title: | Red Dragon Acquisitions Ltd launches a tender offer for Tinopolis PLC |
| Price: | $48.00 |
| Publication Date: | Jul 10, 2008 |
| Abstract: | UK - Red Dragon Acquisitions Ltd (RD), a new company formed by Vitruvian Partners, for the purpose of making an acquisition, completed its tender offer to acquire the entire ordinary share capital of Tinopolis PLC (TP), a Carmarthenshire-based provider of television production services, for 0.45 British pounds ($0.79 US), or a total value of 4.960 mil pounds ($83.915 mil) in cash, via a scheme of arrangement. RD received irrevocable undertakings to accept the offer with respect to 55.6% of TP's entire ordinary share capital. Upon completion, RD was to exercise its right to apply for the delisting of TP shares from London AIM Stock Exchange. The transaction was subject to shareholders approval. |
| Acquirer: | Red Dragon Acquisitions Ltd |
| Acquirer Business Discription: | Special purpose acq vehicle |
| Acquirer Ultimate Parent: | Vitruvian Partners Ltd |
| Acquirer SIC Code: | 6799 - Investors, nec |
| Target Name: | Tinopolis PLC |
| Target Business Description: | Pvd TV production svcs |
| Target SIC Code: | 7812 - Motion picture and video tape production |
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