ProSieben's boards balk at bid price

Meza, Ed
October 2005
Daily Variety;10/3/2005, Vol. 289 Issue 1, p6
Trade Publication
Reports that the executive and supervisory boards of ProSiebenSat.1 Media AG have given an official but ostensibly harmless thumbs down to the offer of Axel Springer AG for the company's outstanding shares in its takeover bid for the television group in Germany. Current stock price of ProSiebenSat.1; Confirmation that the offer met the legal requirements according to German takeover law; Details of the takeover offer of Springer.


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