Seif: founding shareholders not interested in accepting a potential LMDV takeover bid

(Il Sole 24 Ore Radiocor) - The founding shareholders of Il Fatto have stated that they do not wish to participate in any takeover bid for the publishing house Seif. This is stated in a press release issued by Società Editoriale il Fatto Spa regarding the announcement by Leonardo Maria Del Vecchio’s Lmdv Media that it intends to commence due diligence with a view to launching a public takeover bid for Seif.

The founding shareholders Antonio Padellaro, Cinzia Monteverdi, Francesco Aliberti, Peter Gomez, Marco Travaglio, Marco Lillo and Luca d’Aprile, who together hold a majority stake in the company’s share capital, “have expressed their intention not to sell their shares and therefore not to accept any takeover bid that might be launched by LMDV Media following the completion of the announced due diligence”.

Seif’s board of directors will meet in the coming days to examine the contents of the

a press release from Lmdv Media and the communication received from the founding members, the statement says.

The press release states that the launch of any such offer “would be subject, amongst other things, to the achievement of a total stake in the issuer of at least 82.9 per cent of the voting capital at the general meeting”