After a push and pull that has lasted for almost two months Hey Towers complies with the will of the Ministry of the Economy which prefers to maintain the majority of Rai Way e downgrades its purchase offer from 66,7% to 40%. The ball now passes to the Authority which will have to analyze the new takeover bid of Ei Towers after rejecting the previous one.
In a press release, Ei Towers is keen to point out that “the offer is not of a hostile nature as its foundation is the pursuit of an industrial project considered by EI Towers to be of interest to both operators. This essential element – reads the note – is confirmed by the indication of the minimum threshold of 40%, which implies RAI's acceptance, even partial, of the offer”.
When the markets reopen, the news of the downsizing of the Ei Towers offer for Rai Way makes the title of the Rai towers which at 10 am today gains 2,38% exceeding 4,30 euro per share. The reaction of the markets for the share of the subsidiary Mediaset was diametrically opposed, Hey Towers, that this morning lose more than 2 percentage points returning below 52 euros.
