Carlo De Benedetti of Italy made an offer to acquire 29.9% stake in GEDI Gruppo Editoriale S.p.A. (BIT:GEDI) from Compagnie Industriali Riunite S.p.A. (BIT:CIR) for €36.4 million on October 11, 2019. The offer per share is €0.25. As on October 13, 2019, the bid was rejected by Compagnie Industriali Riunite S.p.A. since it considers the bid to be clearly inadmissible as it is totally inadequate to recognize the real value of the investment for Compagnie Industriali Riunite S.p.A. and all other shareholders.

Carlo De Benedetti of Italy cancelled the acquisition of 29.9% stake in GEDI Gruppo Editoriale S.p.A. (BIT:GEDI) from Compagnie Industriali Riunite S.p.A. (BIT:CIR) on October 13, 2019.