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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Societa Cattolica Di Assicurazione Scarl | BIT:CASS | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From May 2021 to May 2024
By Pietro Lombardi
Italian insurer Societa Cattolica di Assicurazione SpA said late Monday that it would delay a planned 200 million euros ($243.8 million) capital increase to give its shareholders the opportunity to consider Assicurazioni Generali SpA's takeover offer.
Last week, Generali, Italy's largest insurer, launched a EUR1.18 billion offer for its smaller peer and the suspension of the cash call was among the conditions it set in the offer.
"This decision does not preclude or condition in any way the right and duty of the Board of Directors to evaluate the Offer and the fairness of the consideration proposed by Assicurazioni Generali, in the interest of Cattolica and of all its shareholders," Cattolica said.
Generali is already Cattolica's largest shareholder, with a stake of about 24%.
Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10
(END) Dow Jones Newswires
June 08, 2021 01:27 ET (05:27 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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