Club Med: Bonomi has until 13 December to improve offer
Andrea Bonomi, head of Italian private equity firm Investindustrial, has until 13 December to make a possible improved bid for Club Mediterranee, reported Il Messaggero. The Italian language article focused on the annual results that Club Mediterranee presented yesterday in a conference call and the results can be found here.
The report said that Club Med stock closed yesterday 28 November at EUR 23.90 per share, and that Fosun's improved offer, expected by 1 December, should be of at least EUR 24 per share. The report also said that Bonomi will have 12 days from then to make his offer.
Il Messaggero, Company Press