M6 : At least three offers between € 19 and € 20 but the fate of the minorities remains uncertain
>Offers reportedly between € 19-20 per M6 share - Several offers were reportedly made on Friday to acquire RTL Group’s 48% stake in M6, with the highest being from the consortium around FL Entertainment (joined with CMA CGM and Fimalac) at € 20 per share. RTL Group has made no announcement for the moment and other offers are possible. We think that FL Entertainment’s offer could be accepted and should not pose any major competition problem (with FLE not being present ...Co. is engaged in the media industry, primarily television edition & broadcasting. Co.'s operations can be divided into three segments. In the Free-to-Air segment, Co. operates a Free-to-Air terrestrial TV network, financed exclusively by advertising. In the Digital TV segment, Co. broadcasts many digital channels. In the Diversification & audiovisual rights segment, Co. purchases audiovisual rights. Co. is also engaged in distance-selling business, allows viewers to play an active role in the unfolding of programs proposed to them, develops mobile phone content; publishes a family of websites, organizes events & shows, & manages football Club des Girondins de Bordeaux.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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