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PSM Prosiebensat 1 Media SE News Story

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ProSiebenSat.1 recommends accepting amended MFE offer

BERLIN, Aug 6 (Reuters) - German media company ProSiebenSat.1 PSMGn.DE said on Wednesday it welcomed an amended offer from MFE-MediaForEurope MFEB.MI for a public takeover after rival bidder Czech investment firm PPF underscored its nominally lower offer.

"The Executive Board and the Supervisory Board welcome the increase of the initial MFE offer consideration, which underscores MFE’s long-term investment and continued commitment to ProSiebenSat.1," the company said in a statement.

 (Writing by Ludwig Burger and Madeline Chambers; editing by Matthias Williams)

 ((Madeline.Chambers@thomsonreuters.com; +4930220133578;))

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