M6: reportedly receives offer of E20 per share

(CercleFinance.com) - Marc Ladreit de Lacharrière, Rodolphe Saadé and Stéphane Courbit have proposed a price of 20 euros per share to buy Bertelsmann's stake in M6, Bloomberg says.


This price represents a premium of 39% on the last M6 share price, Invest Securities notes.

Daniel Kretinsky and Xavier Niel, associated with MediaForEurope, have also submitted an offer according to the press agency.

Following the abandoned merger with TF1, the media group Bertelsmann, M6's main shareholder via its subsidiary RTL (with 48% of the capital), was looking for an alternative and asked the buyers to come forward before last Friday.

This very tight schedule is explained by the licence renewal that M6 must apply for in May 2023, which means that the group will not be transferable for five years, Invest Securites analysts explain.

The sale should therefore be signed by the end of October, in order to give the Competition Authority and Arcom (ex-CSA) time to give their opinion, the broker adds.

In the spotlight, M6 shares jumped 8% to almost 14.5 euros on Friday.


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