GBL raises Recordati bid as GBL stock sits 19.12 percent below its high

Published on 10/07/2026 at 10:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Recordati bid rose from EUR 51.29 to EUR 53.00 on October 6, 2026. GBL stock costs EUR 69.28 on October 7, 2026 versus EUR 69.20.

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GBL raised its Recordati takeover offer from EUR 51.29 to EUR 53.00 per share, while GBL stock stood 19.12 percent below its 52-week high of EUR 85.65 on October 7, 2026. The revised bid was announced on October 6, 2026, and the acceptance period now runs through October 23, 2026, according to Euronext.

Recordati offer reaches EUR 53.00

The new consideration is EUR 1.71 higher than the original offer, an increase of 3.33 percent based on the two bid prices. Including the EUR 0.71 dividend already distributed for 2025, total consideration reaches EUR 53.71 per share.

The consortium has called EUR 53.00 its best and final offer. Payment for tendered shares is scheduled for November 2, 2026, while shareholders representing 49.79 percent of Recordati's share capital had tendered their shares by October 5, 2026, according to Il Sole 24 ORE.

GBL balance sheet stays relevant

GBL's investment capacity matters because the company expects to fund up to 10 percent of its net asset value for the Recordati transaction. The revised bid therefore links the immediate takeover decision with the portfolio company's capital allocation.

As of June 30, 2026, GBL had share capital of EUR 653.1 million represented by 129.8 million shares. Pargesa held 35.10 percent of the outstanding shares and 48.60 percent of voting rights, while GBL held 7.93 percent of its issued capital, according to GBL.

Stock remains below yearly high

GBL's reference price was EUR 69.28 at Lang & Schwarz on October 7, 2026 at 10:05 a.m. CEST. That is EUR 0.08, or 0.12 percent, above the Euronext Brussels prior close of EUR 69.20 on October 6, 2026.

The quote places the stock near the lower end of its EUR 68.60 to EUR 85.65 52-week range. Market capitalization was EUR 8.2 billion and trading volume was 6,271 shares as of October 7, 2026; the primary listing is Euronext Brussels under ticker GBLB, according to Global Banking and Finance.

The further course of trading is shown by the continuously updated real-time quote of GBL stock.