Enrico and Tomaso Carraro made an offer to acquire an additional 26.76% stake in Carraro S.p.A. (BIT:CARR) for €51.2 million on March 28, 2021. Under the terms, the Carraro family will pay a consideration of €2.4 per Carraro share. As of May 31, 2021, Carraro family increased per share consideration to €2.55 per Carraro share. The Carraro family is launching this offer to exit the stock exchange. Currently Enrico and Tomaso Carraro along with Italian minority shareholder -Brazilian, Julia Dora Koranyi Arduini owns 69.94% stake in Carraro S.p.A. The effectiveness of the Offer is subject to the achievement of a minimum threshold of 95% of the share capital. As of May 4, 2021, the Board of Carraro considers the offer to be adequate. The offer period will start on May 17, 2021 and will end on June 4, 2021. The consideration is expected to be paid on June 11, 2021. As of June 4, 2021 the offer period is extended to June 8, 2021. As of June 8, 2021, offer period has been extended to June 18, 2021. As of June 16, 2021, Italian Market Watchdog approves supplement to offer document regarding fly bid on Carraro shares. Effectiveness condition of fly offer on Carraro lowered to 85% from 95%. The offer acceptance period has been postponed to June 21, 2021. As of June 25, 2021, the threshold of 90% has been exceeded. Carraro Spa will therefore be delisted. As of July 6, after provisional result Enrico and Tomaso Carraro crossed 95% of capital. Offer aims at delisting Carraro. Tommaso Amirante, Talia Centrella, Francesco Serrano and Alessandro Chieffi of Lms and Alfredo Malguzzi, Federico De Alfieri and Martino Demaria of Malguzzi acted as legal advisors for Enrico and Tomaso Carraro. Antonio Guarnieri of Cortellazzo and Soatto acted as legal advisor for Carraro family. Alessandro Giuliani, Nicola Zito, Giulia Staderini, Edoardo Brillante, Matteo Bragantini, Vittorio Zucchelli and Benedetta Cirillo of Gianni & Origoni acted as legal advisors for Julia Dora Koranyi Arduini. Equita SIM SpA and Banca Akros SpA acted as a financial advisor and Morrow Sodali SpA acted as an information agent to Enrico and Tomaso Carraro. Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) acted as financial advisor to board of Carraro S.p.A. Lazard S.r.l. acted as financial advisor for Carraro.