Rai Way: Consob, “not prosecutable” offer of Ei Towers – AGI – Agenzia Journalistic Italy

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06:00 April 14, 2015

(AGI) – Rome, April 14 – Consob believes “no prosecutable” the tender offer and exchange offer by Ei Towers on the totality ‘of the shares issued by Ray Way. In a notice sent to Ei Towers and the Italian Stock Exchange, Consob states that “the change of shareholding threshold which the Board of Directors intends to now affect the effectiveness of the offer, placing below the threshold of control of the Company ‘ target, affects characteristic elements of the offer “and” makes no more ‘prosecutable the preliminary approval of the Offer documents “, which” shall be considered concluded. ” If Ei Towers wants to continue with its objective must ‘make a new purchase proposal for Wai Rai. “In view of the non-realizability ‘- in the light of the position expressed by RAI and the Ministry of Economy and Finance – the objective of reaching a threshold controlling interest in the Issuer and the business project connected to that outcome of’ offer information to the market and to the recipients of the offer on the modification of the condition precedent decided by the Board of Directors should be adequately supported by demonstration of the new, occurring, objectives of the tender offer and exchange “.
” Any new inquiry – adds – potra ‘be initiated only after the conduct of a new notification under art.102, paragraph 1, Tuf, making it possible to provide – not only to Consob – but also to the market, the Issuer and shareholders Oblates – an illustration of the offer in full and coherent speech. “
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