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Stock market: Indesit, positive performance after conversion of savings shares

Indesit gains in Piazza Affari after the board of directors approved the conversion of savings shares on a one-for-one basis on Friday and after the distribution of a 4,5 cent dividend - According to rumors, the appointment of an advisor could be imminent, among the candidates for the acquisition include Whirlpool, Haier and Arcelik.

Stock market: Indesit, positive performance after conversion of savings shares

Positive performance for Indesit at Piazza Affari, where the company's shares show an increase of 1,69% for ordinary shares and 2,87% for savings.

The market believes in the extraordinary operations coming after the Indesit board of directors resolved on Friday the conversion of savings shares on a one-to-one basis and after the distribution of a 4,5 cent dividend. The conversion, Equita's analysts write, "is another step towards an extraordinary operation, it would ensure that any card-to-card deal cannot be blocked by savings shareholders and would assign savings shareholders the same protections as ordinary shareholders in this matter mandatory takeover bid in case of cash transaction".

According to rumors, which give the imminent appointment of an advisor, the candidate for the acquisition could be Whirlpool, followed by Haier and Arcelik. Intermonte also believes that Indesit is "preparing the ground" for an extraordinary operation and confirms the speculative buy opinion.

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