Francesco Gaetano Caltagirone puts another 7,5 million on the plate to remove the subsidiary Caltagirone Editore from the list. Chiara Finanziaria, the vehicle of the voluntary takeover bid aimed at the delisting of the company that publishes Il Messaggero, has in fact announced the increase in the consideration
of the offer from 1 euro to 1,22 euro per share tendered. The tender offer originally expired today but yesterday it was extended until September 18 following the flop of subscriptions (only 0,22% of the securities offered). The voluntary takeover bid in fact concerns 33,8 million shares not held by the family of the majority shareholder (equal to just over 27% of the capital of Caltagirone Editore).
The maximum value of the offer therefore rises from 33,8 million to 41,32 million in the event of total acceptance by minority shareholders. Chiara Finanziaria underlines in the note that the new consideration incorporates a premium of 45,3% with respect to the official stock exchange price on 8 June (the day before the announcement of the takeover bid).
