Cairo: “The new board of RCS will be very operational ‘- Il Sole 24 Ore

turn off the lights on the contention for RCS. The consortium Bonomi waiver withdraw shares that were delivered in Opa (about 13% of the capital) and Cairo Communication waiver to the condition of the change in control, that is, to get the unanimous ok creditor banks RCS because Intesa-SanPaolo – who he was in the ranks of the advisors dell’Opas and that is the most exposed of the institution against the Corriere house – has already given willingness to take over the financing of those who were to disagree. Cairo Friday will pay – with 0.18 of Cairo Communication shares plus 25 cents cash for each share RCS – the first 48,82% of the capital that was delivered to the public mixed. Always from Friday 22 decorreranno the five trading days in which those who want can turn the Opa Bonomi actions that has been successful and therefore not lapsed, as recognized in the statement issued this morning by Imh, on Consob request.

the Opas of Cairo Communication will therefore rise to a maximum of about 62% of the capital of RCS, with a maximum payment for the portion in cash, of eighty million. The share attributable to Urbano Cairo in his publishing company that launched the offer will fall from 72.9% at present – also taking into account the 4.2% acquired last Friday to block and simultaneously turned to the public mixed – in a range between 52.7% and 47.91% depending on the final acceptances. They will instead support of historic shareholders Diego Della Valle, Mediobanca, UnipolSai and Pirelli – who, all together, an initial 22.6% – since they were part of the consortium that has launched the counteroffer.

passed the adrenaline of contention, loosen also the prices of securities involved in the transaction: the Stock Exchange RCS Mediagroup has come to lose up to 5% and travels around 89 cents, Cairo Communication nearly 7% around 4,01 € (minimum of sitting 3,99 EUR).

Next step will be the establishment of Urbano Cairo in RCS, with the appointment at an early stage of a new board of directors that – he anticipated the Piedmontese publisher – will be very operational.

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