Lmdv Media withdraws takeover bid for SEIF after threshold condition unmet

Lmdv Media, the family office of Leonardo Maria Del Vecchio, announced it will not proceed with its planned voluntary tender offer for SEIF shares. The threshold condition of 82.9% of voting capital could not be met after founding shareholders refused to participate, and Lmdv Media said it could not complete its evaluation without access to requested information. The proposal had been valued at approximately 7.15 million euros.

Detected & updated continuously · Source: Nebula