Brief: Mare Raises Bid For Eles Semiconductor To EUR 2.61/Share
Oct 24 (Reuters) - Mare Group SpA MARE.MI: RAISES BID FOR ELES SEMICONDUCTOR TO EUR 2.61/SHARE INCREASES ELES OFFER PRICE BY 16% TO EUR 2.61 FROM EUR 2.25 BOOSTS ELES TAKEOVER BID AFTER RIVAL XENON OFFER AT EUR 2.60 ALSO RAISES WARRANT OFFER TO EUR 0.205 FROM EUR 0.025 NEW BID CONFIRMS IT AS LONG-TERM INDUSTRIAL INVESTOR IN ELES WILL COMPENSATE PREVIOUS TENDER PARTICIPANTS WITH PRICE DIFFERENCE Further company coverage: MARE.MI (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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