Germany’s ProSieben recommends acceptance of MFE takeover offer
The company's executive and supervisory boards outlined their recommendations in a statement, marking the latest stage in extended takeover negotiations
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The company's executive and supervisory boards outlined their recommendations in a statement, marking the latest stage in extended takeover negotiations
The company's executive board and supervisory board concluded that "the offer price does not adequately reflect the earnings potential and long-term value of ProSiebenSat.1"
The Czech investment group aims to increase its holding to just below the 30 per cent takeover threshold
According to reports, Czech investment group PPF Group would consider partnering with MFE on a bid for the German broadcaster
The offer aims to allow the management at ProSiebenSat to "deliver on its existing strategy and drive operational excellence," said the Czech investment company