The Cerved board of directors has announced that it has taken note of the relaunch of the takeover bid by Castor Bidco, which belongs to the Ion group of Andrea Pignataro, at 10.2 euros from the previous 9.5 euros per share offered. This is what emerges from the Cerved press release, commented by Equita analysts:
“With regard to the modification of the offer conditions promoted by Castor Bidco (referring to the ION group), the Board of Directors of Cerved highlighted how the consideration paid to shareholders, increased from 9.5 per share to 10.2 per share, is within the ranges of congruity indicated in the Issuer’s Statement, although in the lower part of these ranges “.
Cerved shares are weak on the stock market, with an increase of around 0.35%.
The Cerved press release states that “the Board of Directors acknowledges that the Offeror has increased the consideration for the Offer from € 9.50 to € 10.20 for each CG Share tendered in acceptance of the Offer
same. The Board of Directors points out that the Increased Consideration falls within the range of
congruity indicated in the Issuer’s Statement, albeit in the lower part of these ranges).
“In this regard, it should be noted that the assessments contained in the fairness opinions issued by the Financial Advisors in view of the publication of the Issuer’s Press Release remain valid and confirmed, as there have been no significant changes in the elements considered by them”.