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YACHT Ferretti SpA News Story

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Brief: Ferretti SpA Says Independent Board Committee Recommends That Independent Shareholders Do Not Accept KKCG Maritime's Offer

March 12 (Reuters) - Ferretti SpA YACHT.MI:

FERRETTI SPA - FERRETTI BOARD APPROVES RESPONSE DOCUMENT FOR KKCG MARITIME TENDER OFFER FOR 15.4% OF SHARES

FERRETTI SPA - BOARD OF DIRECTORS OF FERRETTI CONSIDERS THAT OFFER IS NOT FAIR AND NOT REASONABLE FOR INDEPENDENT SHAREHOLDERS

FERRETTI SPA - INDEPENDENT BOARD COMMITTEE RECOMMENDS THAT INDEPENDENT SHAREHOLDERS DO NOT ACCEPT OFFER

Source text: ID:nBIA3wXF7z

Further company coverage: YACHT.MI

 ((Reuters.Briefs@thomsonreuters.com;))

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