Generali Gets Price From Regulator for Purchase of Remaining Cattolica Shares
07 July 2022 - 4:26PM
Dow Jones News
By Ed Frankl
Assicurazioni Generali SpA said late Wednesday that the Italian
market watchdog set a price for the country's largest insurer to
buy remaining shares it doesn't yet own in takeover target
Cattolica Assicurazioni SC.
The regulator, Consob, set the purchase price at 6.75 euros
($6.87) a share, the same price as Generali's bid offer, which
launched last year.
The maximum amount Generali would pay should all remaining
shares of Cattolica be tendered is EUR84.7 million, the
Trieste-based insurer said.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
July 07, 2022 02:11 ET (06:11 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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