ProSiebensat.1 shares jump on MFE's improved $2.4bn takeover bid https://t.co/gpqNdNDOpN
MFE-MediaForEurope Makes Sweetened $2.4 Billion ProSiebenSat.1 Takeover Offer https://t.co/b8HD5P1ZIV
MFE incrementará el importe de su OPA sobre la cadena alemana ProSiebenSat.1, con una prima del 22% https://t.co/Kuqj1MFUeK
MediaForEurope, the Italian broadcaster controlled by the Berlusconi family, has raised its takeover bid for Germany’s ProSiebenSat.1 to about $2.4 billion. The new terms include an exchange ratio of 1.3 MFE shares for each ProSieben share and represent a roughly 22% premium to the company’s earlier proposal. The sweetened offer tightens MFE’s grip on a deal it has sought for more than a year as it pursues a pan-European television network able to compete with US-based streaming platforms. ProSiebenSat.1’s board has yet to formally respond, but the German company’s shares rose sharply in early Frankfurt trading on expectations the bid will gain traction.
