ProSiebenSat.1 Media Takes Neutral Stance on PPF Takeover Bid
ProSiebenSat.1 PSM 0.14%increase; green up pointing triangle Media is taking a neutral stand on a takeover approach from Czech investment firm PPF, saying the offer undervalues the German broadcaster.
PPF Group launched an offer in May to raise its stake in ProSiebenSat.1 Media at a premium the takeover bid made by MFE-MediaForEurope MFEB -1.36%decrease; red down pointing triangle in April.
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