ProSiebenSat.1 Calls MFE Takeover Bid Inadequate From A Financial Perspective

Image for article ProSiebenSat.1 Calls MFE Takeover Bid Inadequate From A Financial Perspective
News Source : Deadline

News Summary

  • Berlusconi family’s MediaForEurope has launched a takeover bid for ProSiebenSat
  • 1 Media
  • The offer of €4
  • 48 in cash and 0
  • 4 MFE-A shares, valuing each ProSiesben share at €5
  • 75, is “only marginally above” the German giant’S weighted three-month average of € 5
  • 74
  • MFE and PPF, which has made a separate offer to increase its shareholding from 15% to 29
  • 99%, had previously agitated for change
ProSiebenSat.1 Medias board has advised shareholders to reject the takeover bid launched by the Berlusconi familys MediaForEurope.Both the executive board and the supervisory board have assessed [+1362 chars]

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