Recordati Gains Most in Four Years on CVC Takeover Bid

(Updates with share move after statement.)

Recordati shares extended gains after confirming it received an offer from CVC Capital Partners, valuing the Italian drug-maker at €52 per share.

• Recordati shares gain as much as 9.4%, the most since 2022. The shares were trading at €48.78 per share at 3:36 p.m. CET, below offer price
  • Trading was earlier suspended after daily Il Sole 24 Ore reported CVC’s bid
• NOTE: Italy’s Recordati Gets €10.9 Billion Buyout Offer From CVC

--With assistance from Swetha Gopinath.

To contact the reporters on this story:
Flavia Rotondi in Rome at rotondi@bloomberg.net;
Alberto Brambilla in ...