Palliser Capital Issues Letter to Recordati’s Board of Directors Urging Withdrawal of Support on Materially Undervalued Tender Offer

LONDON–(BUSINESS WIRE)–Palliser Capital (“Palliser”), a shareholder of Recordati S.p.A. (“Recordati” or the “Company”) today publicly issued a letter to the Company’s Board of Directors (“the Board”) sent on September 1, 2026, calling on the Board to withdraw its support of Respighi BidCo S.p.A.’s €51.29-per-share tender offer, which materially undervalues Recordati and unfairly prejudices minority shareholders. Palliser believes the Board must act in line with its fiduciary duties by withdra

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