Accept Berlusconi Family MFE’s Offer – Prosieben Board

Munich: The board of Germany’s ProSiebenSat.1 network has advised its shareholders to accept a cash-and-share takeover bid from the Berlusconi family’s MediaForEurope (MFE) group.

According to Ansa News Agency, MFE is offering 1.3 of its shares for each ProSieben share, along with a cash component of 4.48 euros. This offer aims to acquire the remaining 70% of the German group that MFE does not already own.

The offer is set to remain valid until August 13, providing shareholders a limited window to consider and act on the board’s recommendation.