CVC and GBL Raise Recordati Bid to 53 Euros
CVC Capital Partners and Groupe Bruxelles Lambert have raised their takeover offer for Italian drugmaker Recordati to 53 euros per share and extended the deadline to October 23. The consortium stated this represents their final bid aimed at delisting the company.
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CVC CAPITAL PARTNERS PLC and GROUPE BRUXELLES LAMBERT NV raised their takeover bid for RECORDATI INDUSTRIA CHIMICA to €53 per share on Tuesday morning. The revised all-cash offer follows pressure from activist investors to improve terms for the Italy drugmaker. Shareholders holding 49.79% have tendered their shares as the consortium targets a Milan stock exchange delisting.
