Brief: Centrale del Latte di Torino & C approves merger with MUKKI

Centrale del Latte d'Italia SpA

04/12/2015 14:14

Dec 4 (Reuters) - Centrale del Latte di Torino & C SpA (CLT) 
 CLT.MI :  
    * Approves merger with Centrale del Latte Di Firenze, 
Pistoia e Livorno (MUKKI) 
    * The company to change name in Centrale del Latte D'italia 
(CLI) 
    * CLT will incorporate MUKKI at a shares swap ratio of 1 new 
company post merger share for every 6.1965 shares of MUKKI 
    * CLT will issue 4,000,020 shares to satisfy the exchange 
ratio 
    * The transaction is subject to signing a shareholders 
agreement between reference shareholders of the both companies 
representing at least 51 pct of the share capital of the company 
post merger, with a lock-up for two years 
    * The transaction is expected to close in first half of 2016 
 
Source text for Eikon:  ID:nBIA04230  
Further company coverage:  CLT.MI  
 
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