Lottomatica shares tumble after agreeing all-share merger with Cirsa
Lottomatica agreed a proposed cross-border all-share merger in which Cirsa will be absorbed. Cirsa shareholders receive 0.668 newly issued Lottomatica shares per share, with expected ownership of about 67.5% for existing Lottomatica holders.
Under the proposed cross-border merger, Cirsa will be absorbed into Lottomatica, with Cirsa shareholders set to receive 0.668 newly issued Lottomatica shares for each share they hold. Existing Lottomatica shareholders are expected to own around 67.5% of the enlarged group, while Cirsa investors will hold the remainder.