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CVC faces investor revolt over €10.7 billion Recordati deal

CVC is facing opposition from shareholders over its proposed €10.7 billion take-private of Italian pharmaceutical company Recordati. Investors accuse the private-equity group of pressuring them to sell at a price they consider too low. The Financial Times RSS summary does not state how much stock opponents control or whether CVC plans to revise its offer.

Why it matters

Shareholder resistance could complicate one of Europe's larger private-equity transactions and test the buyer's pricing power.

Sources

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