ProSiebenSat.1 Welcomes MFE Updated Offer

ProSiebenSat.1 Media’s executive and supervisory boards have recommended the group accept the improved public takeover offer by MFE-MEDIAFOREUROPE.

MFE has kept the cash amount at €4.48 per share but increased the offer to 1.3 MFE shares for every ProSiebenSat.1 share. The increased offer consideration has an implied value of about €8.07 per ProSiebenSat.1 share. The acceptance period for the amended MFE offer expires on August 13.

MFE, controlled by the Berlusconi family, owns 33.3 percent of ProSiebenSat.1 Group currently.