KUALA LUMPUR: Media Prima Bhd has secured 77.52% stake or 168.403 million shares of The New Straits Times Press (M) Bhd (NSTP) as at Thursday, Dec 17 and the revised offer has become unconditional.

Media Prima said the 77.52% stake represented 168.403 million shares. It held 94.035 million shares or 43.29% before it launched a takeover offer for NSTP.

It said the closing date for the revised offer was also extended to 5pm on Monday, Jan 4, 2010.

"This is the last date for NSTP shareholders to accept the revised offer as there will not be any further extension of the closing date for the revised offer beyond this date," it said.

The original closing date for the offer at RM2.40 per share was Dec 17, 2009.

On Nov 12, Media Prima upped its share swap offer ratio for its proposed takeover of NSTP to six-for-five, raising the implied value of NSTP to RM2.40 per share from RM2 previously.

NSTP has also declared a special tax-exempt dividend of 40 sen per share, with an ex-date of Nov 24. MPB has also retained its original offer of one free MPB warrant for every five NSTP shares accepted.