(AOF) – Believe indicated that it had taken note of the position of the AMF in its letter of March 22 to the president of the Ad-Hoc Committee of Believe, indicating that the waiver of the condition of the board to the offer submitted by a consortium formed by the EQT X fund, funds advised by TCV, and Denis Ladegaillerie did not comply with the principles governing public purchase offers. In its press release dated March 7, Warner Music Group publicly announced its interest in a potential merger between WMG and Believe, where WMG could value Believe at a price of at least 17 euros per share.
In light of this set of circumstances, the Believe Board of Directors has decided to invite WMG to submit a binding, unconditional and fully funded offer for Believe. To this end, Believe gave WMG access to a data room including a level of information equivalent to that granted to the Consortium, subject to an appropriate confidentiality commitment.
The Board of Directors asked WMG to submit its binding offer by April 7 at the latest.
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