LONDON, June 27 NDS-Group-proposal
LONDON, June 27 /PRNewswire-FirstCall/ -- The Board of NDS Group plc notes
the announcement made earlier today by News Corporation and Permira Advisers
LLP and confirms that it has received a proposal from News Corporation and two
newly incorporated companies formed by funds advised by Permira as described
in that announcement (the Proposed Transaction).
The Board of NDS Group plc has appointed a committee of NDS Group plc
directors who are not directors or executive officers of News Corporation (the
Independent Committee) in relation to the Proposed Transaction. The
Independent Committee have retained Citigroup Global Markets Limited as their
independent financial adviser and Allen & Overy LLP and Weil, Gotshal & Manges
LLP as their independent legal advisers to assist in its consideration of the
Proposed Transaction.
About NDS
NDS Group plc (Nasdaq: NNDS), a majority owned subsidiary of News
Corporation, supplies open end-to-end digital technology and services to
digital pay-television platform operators and content providers. See
www.nds.com for more information about NDS.
Cautionary Statement Concerning Forward-looking Statements This document
may contain certain "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements are based
on management's views and assumptions regarding future events and business
performance as of the time the statements are made. Actual results may differ
materially from these expectations due to changes in global economic,
business, competitive market, regulatory and other factors. More detailed
information about these and other factors that could affect future results is
contained in our filings with the US Securities and Exchange Commission. Any
"forward-looking statements" included in this document are made only as of the
date of this document and we do not have any obligation, nor do we undertake,
to publicly update any "forward-looking statements" to reflect subsequent
events or circumstances, except as required by law.
SOURCE NDS Group plc
