Mfe has enhanced its voluntary public tender offer for ProSiebenSat.1 Media SE, retaining the cash component at €4.48 per share while adding an in-kind element of 1.3 MFE A shares per acquired Prosieben share. The acceptance period remains set to expire on August 13 at 24:00 Frankfurt time (18:00 New York time), unless extended.
In a statement, Mfe CEO Pier Silvio Berlusconi emphasized: “We raised our offer not due to inadequacy of the initial proposal, but because we believe in the industrial project we have championed for years as primary shareholders. We remain committed despite ProSiebenSat.1’s results heightening the urgency for decisive action and a new strategy. While open to superior alternatives, ours is currently the sole concrete plan for a competitive