RCS Mediagroup says Cairo's takeover offer "inadequate"

June 10, 2016 6:29 PM

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MILAN, June 10 Italy's RCS MediaGroup, which publishes Italy's top-selling newspaper Corriere della Sera, rebuffed on Friday a takeover offer by rival Cairo Communication.

RCS Mediagroup said in a statement that the board had unanimously viewed that the all-share offer was inadequate.

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