Advertisement
Singapore markets open in 3 hours 21 minutes

  • Straits Times Index

    3,332.80
    -10.55 (-0.32%)
     

  • S&P 500

    5,460.48
    -22.39 (-0.41%)
     

  • Dow

    39,118.86
    -45.24 (-0.12%)
     

  • Nasdaq

    17,732.60
    -126.10 (-0.71%)
     

  • Bitcoin USD

    61,837.70
    +887.53 (+1.46%)
     

  • CMC Crypto 200

    1,287.30
    +3.47 (+0.27%)
     

  • FTSE 100

    8,164.12
    -15.56 (-0.19%)
     

  • Gold

    2,336.90
    -2.70 (-0.12%)
     

  • Crude Oil

    81.46
    -0.08 (-0.10%)
     

  • 10-Yr Bond

    4.3430
    +0.0550 (+1.28%)
     

  • Nikkei

    39,583.08
    +241.58 (+0.61%)
     

  • Hang Seng

    17,718.61
    +2.11 (+0.01%)
     

  • FTSE Bursa Malaysia

    1,590.09
    +5.15 (+0.32%)
     

  • Jakarta Composite Index

    7,063.58
    -6,967.95 (-49.66%)
     

  • PSE Index

    6,411.91
    +21.33 (+0.33%)
     

MFE offers to buy 1.05% stake in Mediaset Espana from Vivendi ahead of delisting

Reuters
·1-min read
The Mediaset headquarters is seen ahead of the commercial broadcaster's annual general meeting in Cologno Monzese

(Reuters) - MFE-Mediaforeurope said on Tuesday it agreed with Vivendi to buy a 1.05% stake in Mediaset Espana it did not own yet for 10.7 million euros ($11.45 million) as it plans to delist the Spanish broadcaster.

MFE, controlled by the family of former Italian Prime Minister Silvio Berlusconi, said the transaction is expected to occur on Thursday and that the price was set at a 4.04% discount to the withdrawal right price.

The withdrawal right price is the amount that Mediaset Espana shareholders who vote against the merger by absorption of the company with MFE and exercise their withdrawal rights in the Spanish company's extraordinary shareholders meeting scheduled for Wednesday are entitled to receive.

The Italian broadcaster said last year it carried out a public tender offer on the Mediaset Espana shares last year and now intends to delist the shares from the Madrid stock exchange.

($1 = 0.9351 euros)

(Reporting by Joao Manuel Mauricio in Gdansk, Editing by Louise Heavens)