(Adds share Rai in new potential group Ei Towers – Rai Way) MILAN, February 25 (Reuters) – EI Towers, a subsidiary of Mediaset, announced in late last night its intention to launch a takeover bid and voluntary exchange for 100% of the capital of Rai Way 4.50 euro per share, partly in cash and partly in shares. The subsidiary of Rai, placed on the stock exchange last November to 2.95 euro and intended to leave the list with the operation, closed the session yesterday to 3.7 euro. Rai has declined to comment on the transaction. The title, which at first could not make money on the stock market this morning, then opened up by 18% to 4.37 EUR trying to adjust to the price of the offer; Towers leaps and 9% in the early stages and Mediaset earns more than 2% in a weak market. The total value of the transaction, in the event of full membership, will exceed 1.2 billion euro. The cash component of the offer will be equal to 3.13 euro, entirely guaranteed by the funding of an international bank, the shares to common stock 0.03 EI Towers newly issued. The Board of Directors of Mediaset has decided that it will vote in favor of the proposed capital increase of EI Towers finalized the transaction and the company of the towers has already convened an extraordinary meeting for March 27. The offer is subject to the achievement of 66.67% of Rai Way, the green light and unconditional Antitrust authorization to Rai, from the Ministry of Economic Development, “to continue carrying out its activities related to the public service using the Issuer even after acquiring control of the same by EI Towers,” says a note. “To this end, the Bidder agrees as of now to agree appropriate negotiating tools that ensure and guarantee Rai fully to enjoy the resources and equipment resources for the performance of public services due to Rai, “he adds. The aim of Ei Towers conclude the offer is” aimed at the creation of a large single national operator in the field of infrastructure for hospitality apparatuses television and radio, can play an important role also in the telecommunications sector “by next summer. More …
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