Axel Springer improves offer to Stepstone shareholders

05 Oct 2009
After increasing its stake in Norwegian-based and LSE-listed job portal Stepstone from 32.97 percent to 52.27 percent early in September for 8.60 Norwegian Kronen per share, German media group Axel Springer offered to buy the 60.9 million shares not yet under its control from shareholders for 8.60 Norwegian Kronen. Shareholders were given until Oct. 12 to accept the offer. ..

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Jim Townsend