Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Sadif Analytics Prime
$10.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Bertelsmann AG Eyes EUR1.5 Billion From RTL Group SA Stake Sale-Reuters


Wednesday, 17 Apr 2013 04:55am EDT 

Reuters reported that Bertelsmann AG expects to raise as much as EUR1.6 billion ($2.1 billion) from the sale of a stake in RTL Group SA as it seeks to fund its growth ambitions. Bertelsmann set a price range of EUR54 to EUR62 per share for the secondary public offering of up to 23.2 million RTL shares, plus the optional sale of about 2.3 million depending on demand, RTL said ahead of its annual shareholders' meeting. The sale will increase the proportion of freely traded RTL shares to about 24% of the total and cut Bertelsmann's stake to about 76% from 92.3%. Deutsche Bank and Morgan Stanley are managing the public offering. BofA Merrill Lynch, Goldman Sachs, Citigroup and Credit Suisse are joint bookrunners. BNP Paribas, Petercam and Societe Generale are co-lead managers, and Lazard is financial adviser on the deal. 

Company Quote

331.5
 --
27 Mar 2015