CVC Consortium Submits $12.4 Billion Bid for Recordati
Private equity firm CVC Capital Partners, alongside Groupe Bruxelles Lambert (BGL), has submitted a non-binding $12.4 billion bid to delist Italian pharmaceutical company Recordati from the stock exchange. The offer values each share at €51.29, representing a 12.89% premium over its price before CVC's initial interest was revealed.