MILAN, June 10 DMail, a small
e-commerce and publishing company, said on Tuesday it had
presented an improved binding offer for a possible tie-up with
Italian yellow pages company Seat Pagine Gialle.
The debt-laden Seat Pagine Gialle first received a binding
expression of interest from DMail on May 9.
In a statement on Tuesday DMail said Italian businessmen
Antonio Percassi and Vittorio Farina, who own the company's
holding unit D.Holding, had submitted the improved offer to Seat
The new offer raises the cash amount paid to unsecured
creditors to 60 million euros ($81.7 million) from a previous 46
million euros, it said.
The offer also increased the number of DMail shares
available for a share swap with Seat PG.
Shareholders in Seat PG gave the go ahead in March for a
plan aimed at re-launching the company, allowing creditors to
($1 = 0.7345 Euros)
(Reporting by Stephen Jewkes)