Communist Canadian Leftist/Totalitarian Family Owned Bertelsmann AG (a Power Corp. of Canuckistan owned Company)
Click on this link to go to a Communist Broadcasting Corporation (CBC) report on their Desmarais/Chretien/Martin/DeVillepin/Chirac/Trudeau, (owned/operated/controlled for financial gain, political control, and global power through public indoctrination/re-education) company BERTELSMANN AG which is their main companion international manipulation of the masses mouthpiece OTHER than VIVENDI UNIVERSAL which Power Corruperation of Canuckistan/Power Financial and friends own/operate on a huge global scale dwarfing by FAR all other international media organizations. Is it any wonder non-communist/leftist/radical/terrorists the world over have such a fight on their hands against Canadien psy-ops continually perpetrated against them in efforts to keep the world in a destabilized state for their own finacial gain through high oil prices resulting from global political turmoil? After all...this same French-Communist Canadien owned organization also owns/operates TOTAL oil...uh, huh...you got it folks...answers many, many questions now, doesn't it? Sure does ("eh") ...-----------------------------------------------------
Here....let me cut/paste a little bit...to make it easier for you (especially if the leftist/totalitarian/communist rag deletes their "report" in the interim, "eh") :
"Bertelsmann to buy back GBL stake for US$5.8 billion to free itself from IPO
10:44:06 EDT May 25, 2006
GEIR MOULSON
BERLIN (AP) - Bertelsmann AG, Europe's biggest media company, said Thursday it will buy back a Belgian holding company's 25.1 per cent stake for 4.5 billion euros ($5.8 billion) - a move that frees it from the prospect of an initial public offering.
Bertelsmann had raised the possibility of buying out Groupe Bruxelles Lambert earlier this week, sidestepping GBL's plan to sell the shares on the stock market. In a statement Thursday, it said the buyback would be effective July 1.
The buyback will be financed with a bridge loan from several banks - a "significant part" of which will be paid back over the next 12 to 18 months, partly with proceeds from the sale of BMG Music Publishing, a Bertelsmann statement said.
Bertelsmann said it will invite selected bidders to participate in an auction process for BMG Music Publishing, starting in June.
CEO Gunter Thielen said Bertelsmann managers and the majority shareholders - the Mohn family - "are convinced that the share buyback is the best option to secure the continuity and the successful development of the company on the basis of our corporate culture of partnership."
Montreal-based Power Financial Corp. (TSX:PWF) holds a stake in GBL, through subsidiaries Power Financial Europe BV and the Frere group of Belgium, each of which hold a 50 per cent interest in Parjointco N.V., which holds a 61.4 per cent voting interest in Pargesa Holding S.A., which in turn holds a 50.1 per cent voting interest in GBL.
Power shares were up 16 cents at $32.04 in morning trading on the Toronto Stock Exchange.
Guetersloh-based Bertelsmann owns Random House, the world's largest publishing house, magazine publisher Gruner + Jahr as well as broadcaster RTL. It also operates Sony BMG, a music joint venture with Sony Corp.
The company, which earlier this month posted a 55 per cent jump in first-quarter net profit, had said Monday it is fit for the stock market.
However, German media had speculated that the Mohn family, which controls Bertelsmann directly and through a foundation and exercises close control of its management, wanted to avoid putting its shares on the stock market.
The buyback "guarantees the independence of the company," family representative Liz Mohn said. "It secures the greatest possible freedom for the executive board to manage the business."
Thielen noted that Bertelsmann is on track for record results this year and said, given that and expected progress in the coming years, "the purchase price agreed with GBL is reasonable." He said Bertelsmann "will maintain full strategic flexibility to further develop its businesses."
Bertelsmann's chief financial officer, Thomas Rabe, said the financing of the buyback "will not weigh down Bertelsmann's growth."
As for the planned sale of BMG Music Publishing, he told N-tv television that "there is considerable interest and we already have. . . numerous inquiries." He did not elaborate.
Thursday's agreement is subject to approval by the companies' boards.
GBL acquired its Bertelsmann stake in 2001 in exchange for its 29.9 per cent share in broadcaster RTL.
GBL said in January that it intended to activate a clause in an agreement with the Mohn family allowing it to sell its shares in an IPO. It was entitled to formally request an IPO as of Tuesday. It has said it wanted to sell because it was more comfortable with industrial than high-tech holdings.
Thielen's predecessor as CEO, Thomas Middelhoff, reportedly clashed with the Mohns over the company's direction and over his proposal that they sell part of their stake in addition to the shares held by GBL. Middelhoff left in 2002.
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So there ya'll go... from way on up there (eh)....in slurpy syrup land...bucked tooth beaverville...land of mold, mildew, and moose farts...from the frozen freaks of *The Hate White North*...frigid & frosty home of hatred, and bigotry...yet more of their "free and impartial 'press' " activites still marching on unimpeded by the truth, morality, law, or even decent ordinary people who they keep in the dark "aboot" it as always (eh) ... *Fwench-Communist Canuckistani style* ..."eh"...
posted by Don Quixote @ 5/25/2006 01:03:00 PM
2 Comments:
every update the same....skipping record syndrome. How does Bertelsmann equate to all Canadians being "the Hate White North". I could go on about many corrupt American familes who do far worse but at the same token that would not paint or equate all Americans as being the same. You just don't get it do you...the average Canadians is NOT what you consistently purvey here. Your insults being tossed northwards have no bearing on the average Canadian citizen whom you claim are all full of hate and bigotry. Get something correct for a change would you please. Using words as such as that only make you come across as full of hate and bigotry.
#1 They sold the Bertelsmann position.
#2 Owning a small position in a company, that owns a small position in another, that owns part of Total, etc is hardly a move to take over the world or whatever you are implying. (this is akin to the Bush family being referred to as "friends of Osama" due to having some similar holdings and associations in the Oil business).
#3 Canadians do not hate Americans. Some Canadians may be fearful of Americans; this tends to be an issue worldwide.
#4 You spend an amazing amount of time attempting "to promote peace through education." It definitely comes across a lot differently.
#5 Canada is not run by French Canada, Quebec is merely one of the 10 provinces, the 2nd largest. It's akin to saying that all Americans are like the airheads on "Laguna Beach"...
#6 Canada has absolutely no intent to "take over the world" or do anything radical, the idea is to be more of a moderator for world peace.
#7 If you want to get your voice heard take it down a level, write logically and clearly (in English) with readable sentence structure and from less of what appears to be a very biased viewpoint (just the facts please, just the facts). More people will get your message.
#8 Visit Canada, I have, it's not that bad!
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