Hitachi will resort to Tar of Lazio against the decision of the Consob to raise the share price from 9,50 to 9,899 euros per shareJapanese takeover bid on Ansaldo Sts (currently controlled by Finmeccanica). This was announced yesterday evening by the Japanese group itself, which also asked the administrative court for "precautionary measures aimed at suspending the effects" of the Consob provision.
The company aims not to pay more than 9,50 euros per share to shareholders who accept the offer, but undertakes "to pay any increase in the differential if the administrative appeal is definitively rejected on the merits".
Hitachi also reaffirms "the correctness of its actions", believing "that it acted in compliance with all desirable legal provisions and, in all phases of the operation, with the utmost transparency towards the market and the Authority".
