Recordati: Respighi Bidco raises its offer to 53 euros; the offer closes on 23 October
(Il Sole 24 Ore Radiocor) - Respighi BidCo has increased the consideration for the voluntary public takeover bid for Recordati’s ordinary shares from €51.29 (cum dividend) to €53 (cum dividend) for each share tendered in response to the bid. The company announced this in a press release. “The Offeror believes that the new offer price represents a full and fair valuation” of Recordati, the statement explains, “reflecting its stand-alone prospects, particularly in light of the current market environment, which has seen a
a gradual deterioration in valuations within the European healthcare and specialty pharma sectors over the last
"period". Respighi BidCo also states that the new consideration represents its "best and final determination of the offer price and that there will be no further increases to it". The offeror announces that it has agreed with Borsa Italiana to extend the acceptance period for the offer – which was originally due to end on 15 October 2026 – by six days. The acceptance period will therefore end at 17:30 on 23 October 2026.
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