A consortium comprising four investors in Italy’s RCS Mediagroup and private equity firm Investindustrial has filed a complaint with prosecutors after losing out to media group Cairo Communication in a takeover battle for RCS, legal sources said.
Cairo secured 49 percent of RCS, the influential publisher of Italy’s top-selling mainstream newspaper Corriere Della Sera, with a cash-and-share offer that trumped the consortium’s all-cash bid.
Earlier on Thursday, the group had said it had asked market regulator Consob to verify possible irregularities in Cairo’s bid.
(Reporting by Manuela D’Alessandro,).
http://www.reuters.com/article/rcs-takeover-complaint-idUSL8N1A75BB
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Source: Reuters.com
