January 25, 2018 / 7:22 AM / 25 days ago

BRIEF-Dada Reports Provisional Results Of Dali Italy Bidco's Takeover Bid

Jan 25 (Reuters) - DADA SPA:

* REPORTED ON WEDNESDAY THE PROVISIONAL RESULTS OF THE TAKEOVER BID ON DADA SHARES LAUNCHED BY DALI ITALY BIDCO

* REPORTS 5.2 MILLION SHARES TENDERED, CORRESPONDING TO 28.6 PCT OF DADA‘S SHARE CAPITAL

* TOTAL VALUE OF THE SHARES TENDERED IS EUR 20.9 MLN

* DALI ITALY BIDCO TO OWN 92.1 PCT OF DADA

* DALI ITALY BIDCO WILL NOT RESTORE THE FREE FLOAT AND WILL PROCEED WITH OBLIGATION TO PURCHASE THE REMAINING SHARES

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Further company coverage: (Gdynia Newsroom)

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