LONDON (Thomson Financial) - TMN Group Plc. said Mike Danson has further
upped his stake in the online marketing services company to 19.2 percent, or
14.49 million shares, from a previous 17.6 percent after buying 1.2 million
shares at 54p each.
Danson first took a significant shareholding, of over 7 percent, in TMN in
March, just after Tangent Communications Plc. confirmed it had made an offer
approach for TMN valuing the company at about 50 pence a share.
Danson stepped up the pace of his stakebuilding in TMN after Tangent pulled
out of offer talks on April 8. Since that date, Danson's shareholding has risen
to 19.2 percent from 12.5 percent in three significant transactions.
TMN is still in offer talks with other parties, believed to include 3i Group
Plc., August Private Equity and Trinity Mirror Plc. The company has set up a
committee to evaluate all possible bids for the company.
The committee's chairman Peter Harkness was a non-executive director of
Datamonitor, a company of which Danson was the former CEO and founder.
tf.TFN-Europe_newsdesk@thomson.com
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