RCS board says latest bid offers premium

May 20, 2016 10:15 AM

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MILAN May 20 A takeover bid launched on RCS MediaGroup by private equity firm Investindustrial and a group of shareholders in the Italian publisher offers a premium to the market, RCS said on Friday.

Private equity firm Investindustrial and a group of shareholders in RCS agreed to launch a takeover bid on the publisher offering 0.70 euros for each share in an attempt to trump a previous offer by Cairo Communication.

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