Palliser Capital Calls on Recordati’s Directors to Clarify Publicly Whether They Unanimously Recommend the Revised €53.00 CVC-Led Offer

LONDON–(BUSINESS WIRE)–Palliser Capital (“Palliser”), a shareholder of Recordati S.p.A. (“Recordati” or the “Company”) has today written to Recordati’s Board seeking public clarification of the independent directors’ position on the revised €53.00 per share offer (the “Offer”) from Respighi BidCo, the bid vehicle of CVC and GBL. Palliser’s full letter is attached. Recordati’s 7 October announcement, in which the Board “welcomes” the increase, has been widely read as an endorsement by the inde