31st Mar 2006 12:04
Goldman Sachs International31 March 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN 31 MARCH 2006 FUNDS ADVISED BY Apax Partners, THE BLACKSTONE GROUP AND Goldman Sachs Capital Partners Statement IN RESPONSE TO ITV PLC ANNOUNCEMENT Funds advised by or affiliated with Apax Partners, The Blackstone Group and GSCapital Partners V Fund, L.P. (the "Consortium") note ITV's announcement todayrelating to its revised investment proposal. In the light of the response from the Board of ITV, the Consortium has decidednot to proceed further with its proposal. For the purposes of Rule 2.8 of The City Code on Takeovers and Mergers, theConsortium reserves the right to make or participate in an offer within the nextsix months with the agreement or recommendation of the Board of ITV, or in theevent that a third party announces a firm intention to make an offer for ITV, orITV announces a whitewash proposal or a reverse takeover or there is a materialchange in circumstances. Enquiries Goldman Sachs International Simon Dingemans Tel: +44 20 7774 1000 Sebastian Grigg Brunswick James Bradley Tel: +44 20 7404 5959 Fiona Laffan Goldman Sachs International is acting for Apax Partners Worldwide LLP,Blackstone Management Partners V L.L.C. and GS Capital Partners V Fund, L.P. andno one else in connection with the Consortium's proposal to ITV and will not beresponsible to anyone other than Apax Partners Worldwide LLP, BlackstoneManagement Partners V L.L.C. and GS Capital Partners V Fund, L.P. for providingthe protections afforded to clients of Goldman Sachs International, nor forproviding advice in relation to the Consortium's proposal to ITV. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ITV