After many 'rumors', the Lazio Regional Administrative Court accepted the request to suspend the resolution with which Consob had forced Lauro Sessantuno to increase the price of the takeover bid on Camfin, bringing it from 0,8 to 0,83 per share. The suspension will last until November 20, the new date on which the hearing was convened.
Meanwhile, the offer is proceeding and, just yesterday, the takeover bid on the Pirelli holding exceeded 90% of the capital, one of the conditions that could determine the request for delisting.
Meanwhile Antares took the field alongside Consob in the match on the price of the Camfin takeover bid. According to the fund, the offer should be further raised compared to the 3 cents considered by the commission to be the minimum advantage perceived by the Marcegaglia family compared to the other minority shareholders of the company (owned by Marco Tronchetti Provera, Claudio Sposito's Clessidra fund, Intesa Sanpaolo and Unicredit).
With regard to the suspension, the Tar stated "that the takeover bid procedure has now reached the final stage and that the market is in any case informed, both with regard to the pending appeal and with regard to the availability by the appellant of the additional resources necessary for the payment of the difference between the original piece and the adjusted price”.
Camfin, meanwhile, recorded a drop of 0,37% with a price of 0,81 per share.
