Respighi BidCo's Recordati offer clears 66.67% acceptance threshold

• Respighi BidCo's offer for Recordati reached a provisional 74.58% combined stake with CVC and GBL, exceeding the 66.67% minimum threshold.
• Tendered shares totaled 129,976,365, representing 62.15% of capital, worth EUR 6.89 billion at EUR 53 per share, including dividends.
• Initial settlement is scheduled for November 2, 2026, subject to satisfaction or waiver of the remaining offer conditions.
• The offer will reopen November 3–6 and November 9, with settlement on November 17, subject to completion of the initial offer.
• Respighi BidCo plans to delist the target, using a merger if its final stake remains below 90%, subject to corporate approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Recordati Industria Chimica e Farmaceutica S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 216_173001_2026_oneinfo.pdf), on October 23, 2026, and is solely responsible for the information contained therein.