Recordati board backs Respighi BidCo takeover bid at EUR 51.29 a share

• Respighi BidCo launched a cash bid for all Recordati ordinary shares at EUR 51.29 per share.
• Recordati’s board split on valuation; six of 10 directors deemed the offer price financially fair, citing potential benefits of going private.
• Four independent directors judged the price financially inadequate, saying it fails to reflect the group’s value and future prospects.

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_169706_2026_oneinfo.pdf), on July 15, 2026, and is solely responsible for the information contained therein.