(Finance) – The board of directors of Pitecoa company listed on Euronext Milan and active in the financial software sector, believes that the consideration is adequate from a financial point of view of 11.25 euro per share for each share subject of the public purchase offer (OPA) voluntary totalitarian promoted by Limbo, the holding company of the Podini family (which controls the company). The takeover bid, aimed at delisting from Piazza Affari, was announced last June 15th.
The BoD examined the terms and conditions of the offer and took into account the unanimous opinion issued by the independent directors and the fairness opinion issued by Wepartner as an independent financial advisor selected by the independent directors themselves to support their assessments.