Italy's Recordati board finds CVC, GBL offer 'fair' as independent directors dissent
15/07/2026 23:10
Italy's Recordati board finds CVC, GBL offer 'fair' as independent directors dissent July 15 (Reuters) - Recordati RECI.MI said on Wednesday that a majority of its board has deemed as "fair" an offer by private equity firm CVC Capital Partners CVC.AS and Belgian investment group Groupe Bruxelles Lambert GBLB.BR to take the Italian drugmaker private.
Six out of the board's 10 members voted in favour of the €51.29 ($58.80) per share offer, while four independent directors deemed the offer to be inadequate and not fair, the company said in a statement.
($1 = 0.8723 euros)
(Reporting by Anusha Shah in Bengaluru; Editing by Chris Reese)
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