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Cellularline — M&A Activity 2022
May 8, 2022
4473_rns_2022-05-08_af54d56d-e449-4607-a92d-278d97c8e09d.pdf
M&A Activity
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PRESS RELEASE
CELLULARLINE S.p.A.: THE BOARD OF DIRECTORS MET TO EXAMINE THE NON-BINDING LETTER OF INTENT OF ESPRINET S.P.A.
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Reggio Emilia, 8 May 2022 – The Board of Directors of Cellularline S.p.A. (hereinafter, referred to as "Group" or "Cellularline"), European leader in smartphone and tablet accessories, listed on Euronext STAR Milan, met today to examine the non-binding letter of interest received by Esprinet S.p.A. in which it has announced the interest in promoting a voluntary takeover bid, concerning all the ordinary shares of the Issuer ("Shares"), aimed at delisting the Company. The conditions and terms of non-binding letter of interest are available at the following link https://www.esprinet.com/wp-content/uploads/2022/05/PR-ESPRINET-ENG.pdf.
The Board has given a mandate to an internal committee of the Board of Directors to identify the financial and legal advisors who will assist the Company in the process of evaluating the non-binding letter of interest.
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Cellularline S.p.A., founded in Reggio Emilia in 1990, is, together with its brands Cellularline, PLOOS, AQL, MusicSound, Interphone, Nova, Skross and Coverlab, the leading company in the smartphone and tablet accessories sector. The Group is at the technological and creative forefront of the multimedia device accessories industry, striving to deliver products synonymous with outstanding performance, ease of use and a unique user experience. The Group currently has 250 employees. Cellularline brand products are sold in over 60 countries.
Cellularline S.p.A. - Investor Relations Spencer & Lewis - Ufficio Stampa E-mail: [email protected] Aurelio Calamuneri - 389.5206965