|Bid||0.7800 x 0|
|Ask||0.7948 x 0|
|Day's Range||0.7646 - 0.7936|
|52 Week Range||0.5400 - 1.2570|
|Beta (5Y Monthly)||1.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Nov 04, 2002|
|1y Target Est||1.40|
Clubs in Italy's Serie A soccer league voted to conduct an indepth review of bids by private equity funds for a stake in a newly created media unit to handle the league's broadcast rights, two people close to the matter said on Wednesday. The clubs voted unanimously to carry out further reviews on two separate bids led by CVC Capital Partners and Bain Capital , which value a 10% stake in Serie A's media businesses at up to 1.6 billion euros, the sources said.
Clubs in Italy's Serie A soccer league will meet next week to discuss investor bids for their media business, with an array of international funds expected to join the race, two sources familiar with the matter said on Thursday. Representatives from the 20 Serie A clubs will meet on July 30 to discuss various proposals, the sources said, cautioning that a decision might not emerge that day. Seeking to boost revenues, Serie A last week asked investors to submit bids to buy a stake of up to 15% in a newly created media company which would control the league's broadcast rights.
Fiat Chrysler's decision to scrap its dividend marks another setback for plans by the Agnelli family's Exor arm to raise cash after a $9 billion sale of its reinsurer unit PartnerRe collapsed this week. Fiat Chrysler (FCA) and French Peugeot owner PSA, which have agreed a tie-up to create the world's fourth largest carmaker, said late on Wednesday they were both withdrawing their annual dividend. Exor, led by Agnelli scion John Elkann and FCA's controlling shareholder with a 28.9% stake, will miss out on around 320 million euros in cash at a time when two deals to reshape its portfolio of businesses have either been scrapped or delayed.