Tender offer for Linktone begins

By Lisa Kerner

Charlotte, N.C., Feb. 6 - PT Media Nusantara Citra Tbk subsidiary MNC International Ltd. began a tender offer for up to 6 million American Depositary Shares of Linktone Ltd.

MNC is offering $3.80 per ADS. The offer expires on March 12 at 7 p.m. ET, according to a news release.

On Nov. 29, Linktone and Media Nusantara Citra announced a definitive acquisition agreement for Media Nusantara Citra to acquire at least 51% of Linktone's shares using a combination of a tender offer and a subscription for newly issued shares.

Linktone's board of directors recommended that holders accept the tender offer, and Linktone shareholders approved the acquisition agreement at a special meeting on Jan. 30.

D.F. King & Co., Inc. is the information agent for the tender offer (800 829-6551). Mellon Investor Services, LLC is acting as depositary, and J.P. Morgan Securities, Inc. is the dealer manager.

Media Nusantara Citra is an integrated media company based in Jakarta, Indonesia.

Shanghai-based Linktone provides wireless interactive entertainment services in China.

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