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MarketScreener Homepage  >  Equities  >  Bolsa de Madrid  >  Mediaset Espana Comunicacion, S.A.    TL5   ES0152503035

MEDIASET ESPANA COMUNICACION, S.A.

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Mediaset Withdraws MediaForEurope Merger Plan Filing to Avoid Vivendi Action

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03/04/2020 | 04:43am EDT

By Mauro Orru

Mediaset SpA said late on Tuesday that it has decided to withdraw the filing of its merger plan for MediaForEurope, its planned pan-European media holding company, from the Dutch Chamber of Commerce after Vivendi SA threatened new legal action in the Netherlands.

The Italian broadcaster filed its merger plan to the Dutch Chamber of Commerce on Feb. 5, a plan which according to Vivendi's counsel would contain a new supplement which wasn't made available to shareholders of Mediaset SpA and Mediaset Espana Comunicacion SA.

Mediaset said it decided to withdraw the filing to avoid any pretext for more legal proceedings, adding that it would work with relevant authorities to move forward with a new filing.

Mediaset wants to merge its Italian and Spanish operations to create MediaForEurope as a Dutch holding company, a plan which shareholder Vivendi opposes as it believes the merger "disregards basic shareholders' rights."

 

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

 

Stocks mentioned in the article
ChangeLast1st jan.
MEDIASET -0.61% 1.476 Delayed Quote.-44.17%
MEDIASET ESPANA COMUNICACION, S.A. -0.56% 3.176 End-of-day quote.-43.89%
VIVENDI SE 1.42% 23.51 Real-time Quote.-10.22%
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Financials
Sales 2020 787 M 894 M 894 M
Net income 2020 118 M 134 M 134 M
Net cash 2020 7,28 M 8,27 M 8,27 M
P/E ratio 2020 8,52x
Yield 2020 7,19%
Capitalization 1 003 M 1 140 M 1 138 M
EV / Sales 2019
EV / Sales 2020 1,26x
Nbr of Employees 1 471
Free-Float 45,4%
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Technical analysis trends MEDIASET ESPANA COMUNICACI
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Average target price 3,82 €
Last Close Price 3,18 €
Spread / Highest target 57,4%
Spread / Average Target 20,2%
Spread / Lowest Target -46,5%
EPS Revisions
Managers
NameTitle
Paolo Vasile Chief Executive Officer & Executive Director
Alejandro Echevarría Busquet Chairman
Massimo Musolino Executive Director & Managing Director-Operations
Francisco Javier Uria Iglesias Director-Finance & Economics Division
Eugenio Fernández Aranda Director-Technology Division
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