Rcs offers, in the middle of the day the indication of the market is clear: on the day of launch of Urbano Cairo's Ops e, simultaneously with the opening of the five-day 'window' to possibly modify its offer, the Cairo Communication share left up to 5% in the parterre at around 4,28 euro, a level that appreciates the Rcs share less and less (-1,42 .0,7615% to 0,51 euro) falling around XNUMX euro.
At 12,38 the share of the La7 publisher recovered slightly and was traded at around 4,358 euros (-3,16%) but then fell back to -4,28 euros.
The market, according to experts, therefore seems to be clamoring for Cairo to modify its offer in the five permitted trading days.
All eyes are on the progress of the Rcs stock in Piazza Affari which in any case also distances itself from the level of offer of the cash tender offer of International Media Holding (Investindustrial, Della Valle, Mediobanca, Pirelli and UnipolSai) which offers €0,70.
Both the values of the competing offers, then, are light years away from the valuation of an intermediate value of 0,95 euros elaborated by the independent expert Roberto Tasca and announced last Friday by the RCS board of directors, after the green light from Consob for the Bonomi & C. takeover bid.
The latter, which will start on June 20 and already has 22,6% of RCS in the hands of the shareholders, would be content to raise at least 30%, which would in any case guarantee control of RCS in the event of a successful takeover bid. The newco of Bonomi and old Rcs shareholders has undertaken, among other things, to subscribe their share of a capital increase of up to 150 million euros and to give life to a syndicate agreement between the shareholders of the consortium for the duration of 3 years.
