ProsiebenSat.1 shareholders KKR and Permira are selling a stake worth up to 1.12 billion euros ($1.5 billion) in the German free-to-air broadcaster, the offer document, which was seen by Reuters on Tuesday, shows. Around 35 million shares are being placed with investors at a price range of between 31.53 euros to 32.10 euros ($42.37-$43.13) a share, the offer document shows.J.P. Morgan and Bank of America Merrill Lynch are in charge of the accelerated bookbuilding process, the document said.In September, the controlling owners of ProsiebenSat.1 , KKR and Permira, already had sold a quarter of their stake in broadcaster. With the new placement, their combined stake would fall to 17 percent.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC fell by 0.56% or $-0.08/share to $14.32. In the past year, the shares have traded as low as $8.92 and as high as $15.03. On average, 86782704 shares of BAC exchange hands on a given day and today's volume is recorded at 45755724.
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