The management and supervisory board of ProSiebenSat.1 have endorsed a revised acquisition proposal from the Italian media conglomerate MFE, formerly known as Mediaset. In a statement released Wednesday, the company formally recommended shareholders accept the updated offer.
The board expressed satisfaction with the enhanced terms of the offer, emphasizing MFE’s commitment to a long-term investment and continued engagement with ProSiebenSat.1. They consider the revised offer from MFE to be appropriate, a view corroborated by independent opinions from Morgan Stanley, advisors to the management board and Goldman Sachs, advisors to the supervisory board.
Shareholders have until August 13th at 24:00, subject to potential legal extensions, to accept the revised offer. Following this acceptance period, a further two-week window will be observed.
