Have you heard the latest developments at ProSiebenSat.1 $PSM (+11,02 %) have you noticed? A media report from Italy has reignited the takeover fantasy surrounding the Group and caused the share price to jump sharply. On Friday, the share price rose by more than 12% in pre-market trading and ultimately settled at EUR 5.94 - an increase of 10.5%. The share has thus improved by almost 20% since the beginning of the year, making it the top performer in the SDAX.
The Italian media holding company MEDIAFOREUROPE plans to submit a takeover bid after the parliamentary elections. MFE already holds almost 30% of ProSiebenSat.1 and could make an offer in the form of cash and treasury shares. This is considered quite likely by stock market analysts, especially as MFE has sufficient capital flexibility.
However, the approval of the Supervisory Board of ProSiebenSat.1 remains to be seen. With the imminent departure of Supervisory Board Chairman Andreas Wiele, however, the chances for MFE could increase. How do you see the situation? Could a takeover really be within reach? 📈