Conyers advised Central European Media Enterprises Ltd. on its acquisition by an affiliate of PPF Group N.V. in a cash transaction valued at approximately US$2.1 billion.
Under the terms of the agreement, holdersof all of CME’s issued and outstanding Class A common shares will receive US$4.58 per share. This valuation represents a premium of approximately 32% to CME’s share price prior to the announcement on March 25, 2019 that CME was commencing a process to explore and evaluate potential strategic alternatives.
CME is a media and entertainment company operating leading businesses in five Central and Eastern European markets with an aggregate population of approximately 45 million people.
Director Guy Cooper worked on the matter alongside Covington.