MFE-MEDIAFOREUROPE N.V. Launches Takeover Offer for ProSiebenSat.1 Media SE

MFE-MEDIAFOREUROPE N.V. announced its decision to launch a voluntary public takeover offer for ProSiebenSat.1 Media SE. The Italian bidder intends to acquire all shares of the German media company. Shareholders are proposed an offer based on a three-month volume-weighted average price per share, with the majority of the payment in cash and a part in newly-issued MFE A shares.

The takeover is subject to conditions including regulatory clearances. An existing ProSiebenSat.1 shareholder has agreed to sell part of their shares, ensuring MFE will hold over 30% of the company's shares. The offer document, featuring detailed terms, will be released after approval from the German financial supervisory authority.