Banca Intermobiliare leaps by 30% and is approaching the price of the takeover bid

Banca Intermobiliare leaps by 30 and is approaching the price

(Finance) – Intermobiliare Bankan independent private bank listed on Euronext Milan, closed today’s session with a increase of 30.89% at € 0.0483 per share, approaching the price of the takeover bid launched by shareholder Trinity Investments on 12.51% of the share capital it does not yet own. The shareholder announced last night that he had taken the decision to promote a voluntary totalitarian takeover bid aimed at delisting from Euronext Milan.

The takeover bid concerns all the bank’s shares, less the 2,032,707,851 shares held by the bidder, representing 87.21% of the share capital, and the 6,577,363 treasury shares held by the issuer, representing 0.28% of the capital. The consideration is 0.049 euros for each share tendered, equal to a premium of 34.2% compared to the price of 9 February 2022 and 35.7% compared to the weighted arithmetic average of the prices recorded in the previous three months.

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