Share

Pirelli: Marco Polo's residual takeover bid concluded

Borsa Italiana will order that the ordinary shares of Pirelli & C, after the conclusion of the reopening of the mandatory offer launched by Marco Polo Industrial, will be revoked starting from the session of November 6th.

Pirelli: Marco Polo's residual takeover bid concluded

Borsa Italiana will order that the ordinary shares of Pirelli & C, following the conclusion of the reopening of the mandatory offer launched by Marco Polo Industrial, indirectly controlled by China National Chemical Corporation, are suspended from listing on the Mercato Telematico Azionario in the sessions of 4 and 5 November and revoked from listing starting from the session of 6 November.

On the basis of the final results communicated by the intermediaries responsible for coordinating the collection of acceptances, the company announces that during the reopening of the terms of the Mandatory Tender Offer, 42.748.690 ordinary shares of Pirelli were tendered, equal to 8,986% of the share capital share capital of the issuer, 8,760% of the entire share capital of the issuer and 11,734% of the ordinary shares subject to the mandatory offer. The total value of the reopening of the terms of the Mandatory Tender Offer, calculated on the basis of the number of ordinary shares tendered during the same period, is equal to 641.230.350 euro. 

comments