MILAN, June 7 (Reuters) - Italian real estate company MI.MO.SE SpA offered to buy out investment company Management & Capitali SpA (M&C) on Sunday for 0.08 euro a share, or 37.9 million euros ($53.70 million), after a capital reduction.
The offer will be carried out after an extraordinary M&C shareholder assembly on Monday and Tuesday that will vote on a payout of 0.62 euro a share and the capital reduction, MI.MO.SE said in a statement.
The stock closed at 0.675 euro on Friday. The offer is for all of M&C's shares.
MI.MO.SE is based in Turin and is owned by the Segre family. Massimo Segre owns 60 percent and is an M&C board member.
MI.MO.SE has the same street address as M&C, according to the statement.
(Reporting by Ian Simpson; Editing Bernard Orr)
($1=.7058 Euro) Keywords: MANAGEMENT&CAPITALI (ian.simpson@reuters.com; +39 02 6612 9666; Reuters Messaging: ian.simpson@reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The offer will be carried out after an extraordinary M&C shareholder assembly on Monday and Tuesday that will vote on a payout of 0.62 euro a share and the capital reduction, MI.MO.SE said in a statement.
The stock closed at 0.675 euro on Friday. The offer is for all of M&C's shares.
MI.MO.SE is based in Turin and is owned by the Segre family. Massimo Segre owns 60 percent and is an M&C board member.
MI.MO.SE has the same street address as M&C, according to the statement.
(Reporting by Ian Simpson; Editing Bernard Orr)
($1=.7058 Euro) Keywords: MANAGEMENT&CAPITALI (ian.simpson@reuters.com; +39 02 6612 9666; Reuters Messaging: ian.simpson@reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.