/NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN,
INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION
OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION./
TORONTO, July 23 /CNW/ - At the request of the UK Takeover Panel,
Teachers' confirms that it made a preliminary approach, through Teachers'
private investment arm Teachers' Private Capital, to Simon Nixon,
Moneysupermarket.com's majority shareholder, in relation to a possible offer
Teachers' has no current intention of making an offer for
For the purposes of Rule 2.8 of The City Code on Takeovers and Mergers,
Teachers' reserves the right to make or participate in an offer or possible
offer for Moneysupermarket.com within the six months following the date of
this announcement in the event that: an agreement or recommendation from the
Board of Moneysupermarket.com is forthcoming; there is an announcement of an
offer or possible offer by a third party for Moneysupermarket.com; or there is
a material change of circumstances.
With CDN$17 billion in invested and committed capital, Teachers' Private
Capital is one of the world's largest private equity investors. Teachers'
Private Capital is the private investment arm of the CDN$108.5-billion Ontario
Teachers' Pension Plan, the largest single-profession pension plan in Canada.
The Ontario Teachers' Pension Plan is an independent corporation responsible
for investing the fund and administering the pensions of Ontario's 278,000
active and retired teachers.
For further information:
For further information: Deborah Allan, Director, Communications and
Media Relations, Ontario Teachers' Pension Plan, (416) 730-5347,