SEIF rejects LMDV Media’s due diligence request for potential takeover

• Società Editoriale Il Fatto's board rejected LMDV Media's request for confirmatory due diligence on October 28, 2026.
• LMDV Media disclosed the request on October 25, 2026, ahead of a potential offer for all shares aimed at delisting.
• Founding shareholders controlling a majority of voting capital opposed the potential offer, making its 82.9% voting-capital threshold unattainable.
• That threshold is required to remove the 17% shareholding cap, preventing the potential offer from taking effect.
• The board also cited concerns about giving competitor LMDV Media access to confidential know-how and digital technology information.

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. Società Editoriale Il Fatto S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 20152_173113_2026_oneinfo.pdf), on October 28, 2026, and is solely responsible for the information contained therein.