Val's Takeover Bid

Mittel SpA

15/10/2018 07:55

Oct 15 (Reuters) - Mittel  MTTI.MI  on behalf of its
bidders: 
    * REPORTS 35.5 MLN SHARES TENDERED IN TAKEOVER BID FOR THE
TOTAL
VALUE OF EUR 62.2 MLN, REPRESENTING 69.0 PCT OF THE OFFER AND A
40.4 PCT IN THE COMPANY
    * MANDATORY TAKEOVER BID WAS TRIGGERED BY PROGETTO CO-VAL,
THE
BIDDER, TOGETHER WITH SECONDA NAVIGAZIONE, FONDAZIONE CASSA DI
RISPARMIO DI TRENTO E ROVERETO, BLUE FASHION GROUP AND FRANCO
STOCCHI
    * THE BIDDER WILL OWN 82.0 PCT OF THE COMPANY
    * BIDDER TO REOPEN THE TERMS OF THE OFFER FROM OCT 22 UNTIL
OCT 26

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA4yVbSx
    
 Further company coverage:  MTTI.MI  
   


 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))