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MARKET LESSONS:

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Dufry offer values Autogrill at 25-30% discount to Friday's price

Reuters
·1 min read

ZURICH (Reuters) - Dufry's takeover offer for Autogrill is at a discount to Friday's trading price, Dufry CEO Xavier Rossinyol said on Monday.

"If you take the share price of Dufry that was around 30 (Swiss francs) ($30.63) on Friday and you multiply that by 0.158 you will have the equivalent price we are paying for Autogrill and you will see that is roughly - at least for the first 50% - about a 25-30% discount on the trading on Friday," he told journalists on a conference call.

($1 = 0.9794 Swiss francs)

(Reporting by Michael Shields)