Brief: Esprinet Completes Due Diligence, Launches Bid On Cellularline At 3.75 EUR/Shr

Cellularline SpA

20/07/2022 06:31

July 20 (Reuters) - Esprinet SpA  PRT.MI :
    * REPORTED ON TUESDAY IT HAD COMPLETED DUE DILIGENCE ON
CELLULARLINE, LAUNCHES PUBLIC TENDER OFFER AT EUR 3.75 PER SHARE
    * FOLLOWING DUE DILIGENCE, REDUCES ENTERPRISE VALUE OF
CELLULARLINE BY ABOUT EUR 10.5 MLN, NOT CONFIRMING DISCLOSED
PRICE OF EUR 4.41 PER SHARE
    * PUBLIC TENDER OFFER AIMED AT DELISTING OF CELLULARLINE

Further company coverage:  PRT.MI , CELL.MI  

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