EI Towers fixes share component for Raiway public offer at EUR 45.83 per share
EI Towers, the listed Italian TV transmission tower network owned by Mediaset, has priced the EUR 374m share component for its public offer for listed rival Raiway at EUR 45.83 per share.
An unsourced report in Il Corriere della Sera said the EI Towers board of directors fixed the pricing yesterday, 9 March. EI Towers shares are presently trading at EUR 49.92, the article added.
The item noted the public offer is valued at EUR 1.22bn, of which EUR 374m will be made up of EI Towers shares and the remainder will be cash.
The report added EI Towers also furnished extra details of its public offer for Raiway to AGCM, Italy's competitions regulator after the AGCM said that the information so far provided was “seriously incomplete."
Il Corriere della Sera