Brief: IDI Reports In Provisional Results 85.7% Of BFC Media Shares Tendered In Its Takover Bid

BFC Media SpA

16/05/2022 07:16

May 16 (Reuters) - BFC Media SpA on behalf of IDI Srl and
J.D Farrods Group Luxembourg S.A  BBFC.MI :
    * REPORTED ON FRIDAY PROVISIONAL RESULTS RELATED TO
MANDATORY
TOTALITARIAN TENDER OFFER LAUNCHED BY IDI SRL ON BFC MEDIA
ORDINARY SHARES
    * 838,523 SHARES, EQUAL TO 85.7% OF SHARES UNDER OFFER AND
ABOUT
26.4% OF BFC MEDIA'S SHARE CAPITAL, WERE TENDERED
    * CONSIDERATION, AMOUNTING TO EUR 3.75/SHR, TO BE PAID ON
MAY 20
    * AFTER TAKEOVER BID, IDI WILL HOLD 3,035,000 ORDINARY
SHARES,
EQUAL TO 95.6% OF BFC MEDIA SHARE CAPITAL

        
 Further company coverage:  BBFC.MI  

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