Antares upped the ante on Camfin and asked for a takeover bid close to 1 euro per share. The off-shore funds – as reconstructed by Radiocor – are asking to raise the price of the takeover bid launched by Lauro 61, and concluded at the end of October, from 0,80 euro to 0,99 euro per share.
Clearly above the increase to 0,83 euro indicated by Consob and the offer by Lauro which recognized a premium of 37% on the twelve-month average of the Camfins and 5,5% on the six-month average. The request is part of the judgment filed before the Lazio Regional Administrative Court by Lauro 61, the company promoting the takeover bid and owned by Marco Tronchetti Provera, Intesa Sanpaolo, Unicredit and Clessidra, against the resolution with which Consob imposed the increase of the offer by three cents, provision currently frozen.
The pronunciation of the Tar is scheduled in a week, on November 20th. The Antares European Fund Limited surprisingly popped up among Camfin's shareholders on 5 September, i.e. the day after the first rumors about the requests for further information made by Consob to Lauro on the subject of the bid price. The fund announced that it had risen to 2,3% after the purchase of securities which also took place above the price of 0,80 euros, a move made by betting on an adjustment of the offer.
