Cairo Communication reaches 50.1 pct of RCS capital

Friday, 22 Jul 2016 

Rizzoli Corriere Della Sera Mediagroup: Cairo Communication at 50.13 percent of the Italian publisher's capital in takeover bid - stock exchange . Investors who took up a losing bid on RCS have five days from Friday to tender their shares to Cairo instead .Cairo's cash-and-share offer trumped a rival all-cash bid by a group of existing RCS investors and private equity firm Investindustrial [nL8N1A14GL]. 

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