Consob has extended from 4 to 14 March 2016 the end of the mandatory tender offer promoted by Hitachi on Ansaldo Sts. The provision was adopted as a result of the increase in the price of the takeover bid announced in a press release from the Japanese company itself yesterday: Hitachi had voluntarily decided to adjust the offer price from 9,50 euros to 9,68 euros following a Consob provision (which was in any case challenged before the Lazio Regional Administrative Court, with the case still pending).
The Japanese had asked the Stock Exchange Commission "to order an extension of the acceptance period for the tender offer by at least ten trading days from today's date, in order to allow Ansaldo's shareholders to have sufficient time to evaluate the voluntary increase". Request accepted, pending the ruling of the Administrative Court.
By mid-morning, the Ansaldo Sts share was just below 10 euro per share a Business Square, with a slight loss of 0,2%.
