ProSiebenSat 1 Media SE (PSM.HM)
| Previous Close | 7.87 |
| Open | 7.84 |
| Bid | 7.28 x 0 |
| Ask | 7.33 x 0 |
| Day's Range | 7.84 - 7.84 |
| 52 Week Range | 4.94 - 10.09 |
| Volume | |
| Avg. Volume | 1,640 |
| Market Cap | N/A |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | Apr 26, 2024 - Apr 30, 2024 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- Reuters
MFE demands improvement from ProSieben after taking hit
MFE, controlled by Italy's Berlusconi family, holds a nearly 30% stake in ProSieben. "We deem ProSieben a long-term investment and we are focused on the performance on our investment," MFE Chief Financial Officer Marco Giordani told analysts during a post results conference call. "Our message to (ProSieben) management is to act quickly in order avoid further loss to shareholders," said Giordani adding ProSieben's dividend cut and a writedown of its programming asset caused a combined 50 million euro ($53.4 million) hit on MFE's earnings in 2023.
ReutersExclusive-MFE got bank support for potential 4 billion euro ProSieben bid, documents show
While MFE has indicated it could consider a buyout offer for ProSieben only once the latter shed its non-core assets, the endorsement by banks of a potential takeover strengthens MFE's hand in the shareholder battle the two broadcasters have engaged in ahead of ProSieben's annual general meeting (AGM) on April 30. Dutch-based MFE is the single-biggest investor in ProSieben with a near 30% stake it started building in 2019 as part of plans to create a pan-European TV platform. MFE wants ProSieben to divest its digital businesses and is seeking other shareholders' support for an AGM resolution to push the Bavarian group to start assessing a spin-off of its online assets, comprising e-commerce and dating services.
ReutersProSieben gets ISS, Glass Lewis backing in strategy clash with MFE
BERLIN (Reuters) -Proxy advisers ISS and Glass Lewis on Friday backed ProSiebenSat.1 in the German broadcaster's battle over strategy with top investor MFE-MediaForEurope. ISS and Glass Lewis both recommended that shareholders vote against proposals by MFE and Czech investor PPF at ProSieben's annual general meeting on April 30. MFE, which holds nearly 30% of ProSieben's shares, wants the company to shed its e-commerce and dating businesses to focus on television, in a split that could eventually lead to a buyout approach for the German group's TV business.
