logo
  

Generali: Consob Sets Consideration For Each Share Of Cattolica Tendered In Procedure

With respect to the procedure for the fulfilment of the obligation to purchase, to be carried out by Generali on the ordinary shares of Cattolica, Consob has determined the consideration of 6.75 euros for each share of Cattolica tendered in the procedure. The total maximum amount that will be paid by Generali, in case all of the shares of Cattolica subject to the procedure are tendered, will be 84.69 million euros.

The consideration will be paid on August 5, 2022 in exchange for the simultaneous transfer to Generali of the ownership title of the shares tendered in the procedure.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Stocks staged a significant recovery attempt after pulling back sharply in early trading on Wednesday but still ended the day modestly lower. The major averages gave back ground after moving sharply higher over the two previous sessions. Three scientists have shared the Nobel Prize for Chemistry for their work that led to the development of linking molecules together, known as click chemistry, and bioorthogonal chemistry. Morten Meldal and K. Barry Sharpless have laid the foundation for a functional form of chemistry - click chemistry - in which molecular building blocks snap together quickly and efficiently. Carolyn R. Bertozzi The Institute for Supply Management released a report on Wednesday showing a modest slowdown in the pace of growth in U.S. service sector activity in the month of September. The ISM said its services PMI edged down to 56.7 in September from 56.9 in August, although a reading above 50 still indicates growth in the sector.
RELATED NEWS
Follow RTT