Industria e Innovazione S.p.A. (BIT:IIN) made a binding offer to acquire majority stake in PLC Group SpA for €42.8 million on December 7, 2016. €2.8 million of the capital increase will be implemented in cash. Another part of the capital increase will be implemented via the transfer of shares that represent the whole business of group PLC for no less than €40 million. The transaction is subject to approval from shareholders. As of January 30, 2017, some terms of the offer have been revised.