Polimeri Speciali completes bid for Polynt shares
A voluntary takeover bid launched by Polimeri Speciali S.p.A. for Polynt. S.p.A. was successfully completed on 22 April 2008, with an acceptance rate of 97.3% of the shares being bid for. Polimeri Speciali S.p.A. is a special purpose vehicle held indirectly by Investindustrial funds, which as a result of the tender offer now own more than 98% of Polynt S.p.A. The results of the offer will allow the bidders to squeeze out the remaining minority shareholders and proceed with the delisting of Polynt. Mediobanca acted as financial advisor to Investindustrial on this offer.