Home Business BENETTON PARTNER OFFERS TAKEOVER BID, 4. 60 EUROS PER SHARE Share Preferiti Facebook Delicious LinkedIn Google Yahoo MySpace Digg Twitter Netvibes Reddit Live Sendto a friend Print DecreaseIncrease Text size Il tuo nome Email receiver Close 20:35 01 FEB 2012
(AGI) Milan- Benetton Group partner Edizione srl announced a voluntary takeover bid for delisting at 4,60 euros per share. The company stated that the offer includes a 15.6% bonus compared to the official price on Tuesday (January 31) when stock exchange Borsa Italiana suspended the stock's fair value. According to Edizione, Benetton Group's delisting can give management "the flexibility required in the mid and long term to implement the actions necessary to face the challenges brought about by the changed context of competition,". The cash offer matches a maximum disbursement, calculated based on 32.92% of Benetton's capital (including however over 5% of its own shares), of 276.6 million euros. Edizione has a controlling interest withing Benetton of 67.08%. |