|Bid||9.33 x 15900|
|Ask||9.33 x 3600|
|Day's Range||8.93 - 9.36|
|52 Week Range||8.79 - 17.70|
|Beta (5Y Monthly)||1.59|
|PE Ratio (TTM)||4.41|
|Earnings Date||Mar 02, 2022 - Mar 07, 2022|
|Forward Dividend & Yield||0.80 (8.17%)|
|Ex-Dividend Date||May 06, 2022|
|1y Target Est||16.16|
BERLIN/MILAN (Reuters) -ProSiebenSat.1 said on Monday that MediaForEurope (MFE) had rejected the offer of a seat on the supervisory board of the German broadcaster, suggesting that no compromise has been reached with its top investor ahead of a May shareholder vote. MFE, which is controlled by the family of former Italian Prime Minister Silvio Berlusconi, has called for closer cooperation with Munich-based ProSieben, in which it has a voting stake of more than 25%. The Milan-listed group has also asked ProSieben to engage in talks over strategy, focusing on its core TV business.
BERLIN/MILAN (Reuters) -Broadcaster MediaForEurope (MFE) has no plans to make a takeover bid for German competitor ProSiebenSat.1 at the moment, the Italian firm's finance chief Marco Giordani told daily Handelsblatt. Were it to surpass a 30% stake, MFE would have to make a mandatory offer to the remaining ProSieben shareholders according to German law. "It is not easy for us to understand how to create long-term value in a conglomerate consisting of TV, e-commerce and dating portals," Giordani said.
German broadcaster ProSiebenSat.1 Media on Thursday raised its 2021 full-year guidance for a third time this year after reporting a 15% jump in third quarter revenue at 1.06 billion euros ($1.23 billion). Its advertising business in the entertainment segment in particular surpassed its pre-pandemic levels, growing 18% year-on-year in the quarter, ProSieben said.