March 3 (Reuters) - Banijay Group NV BNJ.AS:
BANIJAY GROUP ANNOUNCES COMBINATION OF BANIJAY ENTERTAINMENT AND ALL3MEDIA
NEW MERGED COMPANY TO BE CALLED BANIJAY
MARCO BASSETTI TO BE CEO, JANE TURTON DEPUTY CEO, JEFF ZUCKER CHAIRMAN OF NEW ENTITY
DEAL EXPECTED TO DELIVER €50M COST SYNERGIES WITHIN 12 MONTHS POST-CLOSING
DEAL EXPECTED TO CLOSE BY FALL 2026, SUBJECT TO REGULATORY APPROVALS
DEAL IMPLIES TOTAL CASH UPSTREAM FOR BANIJAY GROUP OF €796M
POST-DEAL LEVERAGE EXPECTED AT ~3X AT END OF 2026
Source text: nGNE1Jb9Pp
Further company coverage: BNJ.AS
(Gdansk Newsroom)
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