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BRIEF-Dali Holdings to launch takeover bid on Dada after buying 69.4 pct stake
October 24, 2017 / 6:03 AM / 2 months ago

BRIEF-Dali Holdings to launch takeover bid on Dada after buying 69.4 pct stake

Oct 24(Reuters) - DADA SPA ON BEHALF OF LIBERO ACQUISITION SARL AND DALI HOLDINGS LIMITED:

* SAID ON MONDAY DALI HOLDINGS LIMITED HAD SIGNED A BINDING AGREEMENT TO BUY FROM LIBERO ACQUISITION 69.4 PCT OF DADA

* PRICE FOR THE ACQUISITION AMOUNTS TO EUR 4.0 PER SHARE

* DALI HOLDINGS IS OWNED BY HGCAPITAL MERCURY 2 NOMINEES LIMITED

* CLOSING EXPECTED TO OCCUR BY NOV END

* DALI HOLDINGS TO LAUNCH A MANDATORY TAKEOVER BID ON DADA AT EUR 4.00 PER SHARE VIA AN ITALIAN VEHICLE

* DALI HOLDINGS INTENDS TO PURSUE DADA‘S DELISTING

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Further company coverage: (Gdynia Newsroom)

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