Yesterday Consob restated the price of Lauro Sessantuno's takeover bid on Camfin, bringing it from 0,8 to 0,83 euro. This is what we read in a note. In taking the decision to adjust the price of the tender offer, Consob believes it has ascertained a "collusion between Malacalza Investimenti on one side and Lauro Sessantuno Spa on the other and the subjects who have acted in concert with it", aimed at ensuring Malacalza a " better treatment than that reserved for the other shareholders through the takeover bid”.
From the Consob investigations it deduced that "a consideration equal to at least 0,83 euros was paid to Malacalza, higher than the price of 0,80 euros paid by the bidder". This morning as the markets opened, the Pirelli stock lost 0,8% a 10,12 euros, while Camfin collapses: -4% a €0,8275 per share.
