Inactive Instrument

Kolinpharma S.p.A.

KIP

IT0005322950

Igea Holding raises offer to take over Kolinpharma shares

July 28, 2023 at 04:54 am EDT

(Alliance News) - Kolinpharma Spa has announced that Igea Holding Spa has raised the consideration for its takeover bid for the company's shares to EUR9.96.

The previous consideration was ERU9.76. The new offer represents a premium of 7.6 percent over the last pre-IPO price on June 20, 20 percent over the average values of the last month and the last three months, 15 percent over the average value of the last six months, and 18 percent over the value of the last year.

Against the new consideration, if the takeover bid is fully subscribed, the bidder will have to invest EUR6.6 million for the 662,000 shares being offered.

Kolinpharma's stock is up 2.1 percent at EUR9.85 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Latest news about Kolinpharma S.p.A.

Kolinpharma presents supplement; patent application already filed	23-08-30	AN
Kolinpharma increases turnover in the first half of the year	23-07-28	AN
Igea Holding raises offer to take over Kolinpharma shares	23-07-28	AN
Kolinpharma suspends buyback plan after takeover bid by Igea Holding	23-06-28	AN
Kolinpharma S.p.A.'s Equity Buyback announced on May 15, 2023, has suspended.	23-06-27	CI
Kolinpharma continues with share buyback	23-06-22	AN
Kolinpharma S.p.A. commences an Equity Buyback Plan under the authorization approved on April 21, 2023.	23-05-14	CI
Kolinpharma, over 200,000 medical prescriptions in first quarter	23-05-04	AN
Kolinpharma, shareholders' meeting confirms board of directors	23-04-21	AN
Kolinpharma S.p.A.'s Equity Buyback announced on April 28, 2022, has expired.	23-04-20	CI
Europeans up; Tenaris at bottom on Mib.	23-04-14	AN
Kolinpharma, profit halves in 2022 but revenue rises	23-03-22	AN
Kolinpharma S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-21	CI
Kolinpharma, prescriptions and whistleblowers grow in fourth quarter	23-02-07	AN
Kolinpharma goes ahead with buybacks of its own common stock	23-01-17	AN
Kolinpharma goes ahead with share buybacks	23-01-11	AN
Kolinpharma purchased its own shares for EUR22,000 approx.	23-01-10	AN
Kolinpharma purchased its own shares for EUR22,000 approx.	23-01-10	AN
Kolinpharma purchased its own shares for about EUR19,000	22-12-28	AN
Kolinpharma S.p.A. Reports Earnings Results for the Half Year Ended June 30, 2022	22-09-28	CI
Kolinpharma S.p.A.'s Equity Buyback announced on February 25, 2022, has expired.	22-04-27	CI
Kolinpharma S.p.A. commences an Equity Buyback Plan, under the authorization approved on April 28, 2022.	22-04-27	CI
Kolinpharma S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-28	CI
Kolinpharma S.p.A. commences an Equity Buyback Plan, under the authorization approved on April 29, 2021.	22-02-25	CI
Kolinpharma S.P.A. Reports Earnings Results for the Half Year Ended June 30, 2021	21-09-27	CI

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Company Profile

Kolinpharma SpA is an Italy-based company specialized in the pharmaceutical industry. The Company offers a number of products, including almetax, which is a food supplement based on alpha-lipoic acid, L-tryptophan, turmeric, vitamins B5, b6 AND C, Chromium picolinade and Zinc that acts synergistically on the main symptoms of menopause; Almatex easy, which enables the preservation of the general well-being of the body; Dolasix, which is a food supplement that acts synergistically in favor of the normal functionality of cartilages and connective tissues; Ivuxur, which is a food supplement based on cranberry ( dried cranberry extract), D-mannose, bearberry and Zinc that is used in the treatment of unary tract infections; Milesax, which is a food supplement based on magnesium bisglycinate, boswellia serrata and L-tryptophan that acts synergistically on contractures, muscles relaxation and mood during the rehabilitation and recovery phases, and Xinepa, among others.

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