(Finance) – The takeover bid launched by Crown Bidco on Tod’s has exceeded the 90% threshold. The company announced this in a note announcing the delisting of the group’s shares on Euronext Milan at the end of the offer acceptance period, set at 5.30pm (Italian time) on May 8th.
Specifically, the threshold reached is 90.158%. The acceptances of the offer take into account over 4.26 million shares equal to 12.88% of the capital, to which are added over 21.1 million shares, representing 64% of the capital, held overall by persons acting in concert and approximately 4.39 million, equal to 13.27% of the capital, purchased by Crown Bidco outside the offer, up to today.
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