TVN S.A. announced the Squeeze-Out in relation to Grupa S.A. shares

News from Poland:
On October 16, 2006, TVN S.A. announced a squeeze-out for Grupa S.A. shares, which are held by minority shareholders.
The squeeze-out period starts on October 16 and ends on October 20, 2006 and is conducted by CDM Pekao S.A. The squeeze-out price is PLN 165 per share in Grupa S.A. As the result of the squeeze-out trading in Grupa S.A. shares on Warsaw Stock Exchange has been suspended. After completion of the squeeze-out, TVN S.A. will control 100% of the Grupa S.A. TVN S.A. intends to withdraw Grupa S.A. shares from trading on the Warsaw Stock Exchange.