The savings shareholders of Telecom Italia Media have once again asked to stop the merger of the TV frequency company into the parent company Telecom Italia.
The common representative of the savings shareholders - informs a note from TiMedia - also requested, subordinately, "compensation for the alleged financial damages caused by the aforementioned transaction to the savings shareholders, quantified - at the date of the deed - in a total of approximately 4,4 .XNUMX million”.
For its part, the company points out that the Board of Directors "has already examined and rejected a settlement proposal received from the common representative, based on the same arguments now at the basis of the summons".
The board therefore confirms its belief that "the transaction does not affect the rights of the category, that the relative terms are appropriate for all Telecom Italia Media shareholders and that the company's conduct has been fully correct and compliant with the applicable regulations".
The public offer promoted by Telecom to delist TiMedia offers 0,66 newly issued Telecom ordinary shares for each ordinary TiMedia share and 0,47 new Telecom savings shares for each TiMedia savings held.
