Amber Capital will back a strategy shift at ProSiebenSat.1 put forward by the German broadcaster's top investor MFE-MediaForEurope at a shareholder vote...
MILAN - Amber Capital will back a strategy shift at ProSiebenSat.1 put forward by the German broadcaster's top investor MFE-MediaForEurope at a shareholder vote later this month, a senior executive at the activist fund told Reuters.
"We will support MFE's proposal at the AGM as we believe it is the only way to create value for shareholders," Joseph Oughourlian, chairman and founder of Amber Capital told Reuters. The activist fund will also vote in favour of other proposals put forward by MFE, including its candidates for the German group's supervisory board, he said.Former president Donald Trump's meme stock is in deep, deep trouble. Shares of Trump Media & Technology Group are getting absolutely hammered this morning, sliding a further ten percent today alone.
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