Castor Bidco raises the consideration for the offer launched on Cerved Information Solutions from € 9.50 to € 10.20. As specified in a note, the new consideration incorporates a premium of 44.9% with respect to the official price of the shares as of March 5, 2021, the last trading day before the announcement of the offer and a premium of 53.6% with respect to the average
weighted arithmetic of the official prices recorded by the shares in the twelve months prior to the announcement date (March 8, 2021).
The period of acceptance of the offer has also been extended from 31 August to 9 September. The maximum disbursement, in the event that all 195,274,979 shares object of the offer were tendered, including treasury shares, and calculated on the basis of the consideration as increased, would be equal to 1,991,804,786 euros.
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In addition, the note specifies that the loan agreement with the original lending banks was amended in order to increase the maximum amount of the Term Credit Line from € 1,650,000,000 to € 1,680,000,000. The maximum use of equity will be equal to 970,000,000 euros. Castor Bidco, a vehicle controlled by Andrea Pignataro’s Ion, also changed the condition on the minimum threshold: from a stake in the Issuer’s share capital of at least 50% plus one share to a stake of 80%.