August 20, 2019 / 8:45 AM / 5 months ago

Glass Lewis recommends Mediaset shareholders back Dutch holding plan

MILAN, Aug 20 (Reuters) - Glass Lewis has recommended shareholders in both Mediaset and Mediaset Espana back a plan to merge the Italian broadcaster and its Spanish unit under a Dutch holding company, the proxy adviser said in a document seen by Reuters.

Both Mediaset and Mediaset Espana will hold extraordinary shareholder meetings in September to vote on the transaction, which is part of a pan-European growth strategy by Italy’s top commercial broadcaster.

Reporting by Elvira Pollina, editing by Valentina Za

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