“Very positive, a good result beyond anyone’s wildest dreams, I could not imagine a better result.” Urbano Cairo, this morning on his arrival to the assembly of the eponymous publishing group, commented with these words the success of his Opas of RCS that has prevailed over that of Bonomi and associates.
“It was to be part of the funds – continued Cairo – a good preparation. I’m really happy. Now you need to do a great job in the company and what I want to do is have all the powers and understand when it comes out a euro, because it comes out and it comes out. ” No indication, yet, on what will be the new top management structure and composition of the new board of directors. Again, since the same Cairo in recent weeks he had made it clear that he would replace the current board. “In the composition of the board we have not yet thought of anything too, because Friday we knew the outcome of the membership and also for good luck never do this kind of reasoning – he said -. We did not do no reasoning as to who will be part of
council or president. At the moment there is nothing. ”
Cairo, behind the climb At the Corriere there is Berlusconi
During the meeting there have been today the actions of the Cairo Communication shareholders, who asked for clarification on the operation RCS . In response to demand for a shareholder instead arrives by Cairo clarification: “Silvio Berlusconi and Fininvest have had, directly or indirectly, to deal with.
What will happen now?
Urbano Cairo has won, then the game for control of RCS and Bonomi consortium announced this morning that waiver to do battle. International Media Holding, in fact, announced that the offer for RCS “is considered ineffective” not having reached the minimum quantity.
roped Bonomi, therefore, will return the shares tendered to the offer today. It is almost 67.5 million shares equal to 12.9% of the capital of RCS. Holders of this action will accept the offer of Cairo. Therefore the publisher of La7 could exceed the threshold of 60%, having achieved with his offering the 48,82% of the capital of RCS.
Cash on hand even with total migration Opa actions
And, just about the possible transfer of securities contributed to the offer of Cairo the failed takeover bid of the consortium Bonomi, comes a clarification of that Cairo, always extraordinary shareholders for a capital increase of up to 70 million euro of its publishing group.
If all tender offer shares loser Imh (12.9% stake) would migrate towards the winning of Urbano Cairo “we should deal with a cash outlay of approximately € 80.6 million and this would enable Cairo Communication to still have a little ‘cash, so do not we should touch the Intesa San Paolo loan “amounting to 140 million. This was underlined by Urbano Cairo, in the extraordinary meeting for the capital increase of up to 70 million euro of its publishing group, referring to the faculty that will have the shareholders who accepted the takeover bid by Bonomi and partners to transfer their bonds offer prevalent.
for their part, the historical shareholders of RCS MediaGroup, which supported International Media Holding (Mediobanca, Della Valle, UnipolSai and Pirelli) will retain 22.60% RCS of the capital to which must be added the 11.34 million shares, representing 2.17% of the RCS capital, acquired from Imh on 13 July.
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