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Societa per la Bonifica dei Terreni Ferraresi e per Imprese Agricole SpA announces public takeover bid by B.F. Holding SpA


Wednesday, 11 Jun 2014 03:07pm EDT 

Societa per la Bonifica dei Terreni Ferraresi e per Imprese Agricole SpA:Announces a public takeover bid by B.F. Holding SpA on 2,228,900 ordinary share of 1.03 euros per share of Bonifiche Ferraresi, equal to a 39.62 pct stake, minus the 3,396,100 shares equal to a 60.38 pct stake held by B.F. Holding.An offer document will be transmitted to CONOSOB in the next 20 days and published.The value of the takeover bid is equal to 30.50 euros per each share subscribed in the offer and acquired.The maximum value of the transaction, in case of full subscription, is 67,981,450 euros.