The appeal will be presented by the morning Hitachi against Consob's decision to raise the price of the mandatory takeover bid on the float of Ansaldo Sts from 9,50 euros per share to 9,899 euros. The Japanese group, as Radiocor reports, will also ask for the
suspension of the provision of the Commission which supervises the companies and the Stock Exchange which accused Hitachi and Finmeccanica of collusion in the acquisition of AnsaldoBreda and the controlling share of Ansaldo Sts, overestimating the former and underestimating the latter.
In any case, the terms for theadherence to the mandatory takeover bid (up to now just over 4% of the shares involved in the offer have been delivered) and therefore shareholders who do not deliver the shares by the 19th will no longer be able to do so regardless of what the TAR decides. The only possibility of extending the terms is if more than 50% of the shares subject to the offer are delivered between now and Friday and at that point Hitachi itself requests an extension of the terms.
