Overview

• MediaForEurope has increased its offer to €4.48 in cash plus 1.3 MFE A shares for each ProSiebenSat.1 share.
• Shareholders have until August 13 to decide whether to tender their shares under the revised voluntary takeover bid.
• MFE already holds just over 30% of ProSiebenSat.1 and faces competition from PPF Group’s rival €7-per-share bid.
• The company has secured €3.5 billion in credit lines to support its roughly €1.4 billion commitment and projects up to €419 million in annual EBIT synergies against €145 million in one-off costs.
• ProSiebenSat.1’s stock jumped 12% to €7.90 in Frankfurt trading as investors weigh the competing offers.