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 receiving 0.668 newly issued Lottomatica shares for each share held.Existing Lottomatica shareholders are expected to own around 67.5% of the enlarged group, while Cirsa investors will hold abou…