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Berardo sends in new prospectus on bid for Benfica
Portugal - 18 July, 2007
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Portuguese stock market regulators, The CMVM, has received an amended prospectus from businessman Joe Berardo's Metalgest, dealing with the group's bid for Benfica.
The point of contention reportedly was over Metalgest hitting the 33 percent mark and being obliged to make the full bid for the club. The first prospectus did not mention that.
Berardo is bidding EUR 3.5 a share for 85 percent of the club.
The point of contention reportedly was over Metalgest hitting the 33 percent mark and being obliged to make the full bid for the club. The first prospectus did not mention that.
Berardo is bidding EUR 3.5 a share for 85 percent of the club.
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