SEIF rejects LMDV Media’s due diligence request for potential takeover
Bitget2026/10/28 16:47- Società Editoriale Il Fatto's board rejected LMDV Media's request for confirmatory due diligence on October 28, 2026.
- LMDV Media disclosed the request on October 25, 2026, ahead of a potential offer for all shares aimed at delisting.
- Founding shareholders controlling a majority of voting capital opposed the potential offer, making its 82.9% voting-capital threshold unattainable.
- That threshold is required to remove the 17% shareholding cap, preventing the potential offer from taking effect.
- The board also cited concerns about giving competitor LMDV Media access to confidential know-how and digital technology information.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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