Catching up on news from last week, Italy’s Mondadori Libri formalized their initial February offer to buy their biggest competitor, RCS Libri. The proposed price was not announced, but the Italian press says the offer was for 135 million euros (after a range of 125 million to 150 million euros had been tipped earlier this year). The RCS board issued a statement saying it “reviewed the offer received” while indicating it “reserved all its rights in regard to evaluating the offer, also taking into account wider considerations regarding the strategic outlook for the group.” For 2014, RCS Libri had sales of 222.6 […]
