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Knight Vinke and Fidelity to fight €7.5bn VNU bid

Knight Vinke Asset Management and Fidelity Investments today pledged to fight the €7.5bn ($9bn) private equity bid for VNU. The board of the Netherlands media group, has already recommended it to shareholders.

Knight Vinke said the €28.75-per-share bid substantially undervalues VNU. It wants Eric Knight, managing director of Knight Vinke, to join the VNU supervisory board.

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