The sealed envelopes with the bids of the two parties are expected in Consob tomorrow evening, Friday 8 July - Urbano Cairo with Banca Imi and International Media Holding (Investindustrial, Mediobanca, Della Valle, Pirelli and UnipolSai) - who are contending for control of the group Rcs, while the RCS stock continues to make progress and also today it reached a new high: 0,845 euro per share at the close of Piazza Affari. According to financial sources consulted by Radiocor Plus, the legal parties and the market authorities have agreed to send the sealed envelopes with the new offers to the Commission headquarters, tomorrow evening and with the markets closed. The agreed procedure provides that the envelopes are then opened in the presence of Consob officials, while the two bidders will have to communicate the details of their bid to the markets by midnight.
From Monday it will therefore be possible for holders of RCS shares who have not yet subscribed to the public offer or public offer to decide which offer to subscribe to by 15 July. In the evening the Rcs board of directors will meet for examine the fairness opinion on Cairo's bis relaunch, which last Friday adjusted the share exchange from 0,16 Cairo Communication shares for each Rcs to 0,17, canceling the 'risk' clause (which was included in Brexit) which allowed for a possible withdrawal. The relaunch of the patron of La7 is still far from the value of RCS indicated by analysts and experts (0,80-1,03 euro), as well as the cash offer of Imh (which raised from 0,70 to 0,80 euro per share), however deemed fair by the RCS board as included in the value fork.
