Grassi Damiani family made a tender to acquire the remaining 18.1% stake in Damiani S.p.A. (BIT:DMN) for €11.9 million on December 28, 2018. Under the offer, Grassi Damiani family will acquire the shares of Damiani S.p.A. at €0.855 per share. Pre deal, Grassi Damiani family held 81.9% stake and post deal, it will hold 100% stake in Damiani S.p.A. As a result of the transaction, Damiani S.p.A. will be delisted from the Milan bourse. As per disclosure of March 5, 2019, Grassi Damiani family has now reached 94.8% of the shares in Damiani S.p.A. and already has exceeded the threshold for obtaining the delisting, set at 90%. The tender offer period will end on March 1, 2019. As per disclosure of March 5, 2019, the tender offer expiration date has been extended to March 15, 2019. Marta Sassella, Ugo Orsini and Francesco Eugenio Pasello of Linklaters acted as legal advisors to Grassi Damiani family. Banca Akros acted as financial advisor to Grassi Damiani family and as an intermediary in charge of collecting accessions. Grasso, Simone Gerardi, Marika Manganaro and Andrea Tumminelli of G.L.G. & Partners Studio legale associato acted as legal advisors to the Board of Directors of Damiani. Grassi Damiani family completed the acquisition of the remaining 18.1% stake in Damiani S.p.A. (BIT:DMN) on March 15, 2019. Grassi Damiani family acquired 96.8% stake at the end of the offer. Grassi Damiani family will exercise purchase right on 2.67 million, representing 3.228% of Damiani's share capital.