MILAN, July 9 (Reuters) - Tamburi Investment Partners SpA (TIP.MI) statement [ID:nBIA09446] on Thursday:
* makes public buyout offer for Management & Capitali (MACA.MI)
* Bid to be in cash, shares
* To offer 11.43 euros cash and 1 tamburi share for each 127 m&c shares if stock options included
* to offer 8.82 euros cash and 1 tamburi share for each 98 m&c shares if stock options not included
(Reporting by Ian Simpson)
WASHINGTON/NEW YORK (Reuters) - The U.S. pay czar on Friday expanded a crackdown on pay packages at four companies rescued with taxpayer money, limiting most cash salaries at $500,000 for a second tier of top earners.
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