Dec. 11 – Davide Campari-Milano S.p.A. (Campari) announced that its tender offer for the cash acquisition of all common and preferred shares issued by Lascelles deMercado & Co. Limited (Lascelles) successfully concluded. Campari España SL, a wholly owned Davide Campari-Milano SpA subsidiary, made the offer abiding by the offer document of 8 November 2012 and the Jamaican Code of Public Bids and other applicable laws. Campari had announced already the offer on 3 September 2012, and yesterday it confirmed that the offer closed at 16.30 (Jamaican time). 94,639,100 ordinary Lascelles shares (representing approximately 98.6% of Lascelles’ ordinary share capital) and 59,727 preference shares (approximately 99.5% of Lascelles’ preference shares) have accepted the offer, and will be given to Campari as a form of payment. The total value of the shares purchased in the offering is approximately $409 million (€316 million on the offer’s closing date).
