Armonia SGR SPA and the Rovati family signed a preliminary agreement to acquire 48.6% stake in BioDue S.p.A. (BIT:BIO2) from Vanni Benedetti, Ruffo Benedetti and Pierluigi Guasti for €35.2 million on August 6, 2019. Under the terms, buyers will acquire the share at €6.5 per share. Vanni Benedetti, Ruffo Benedetti and Pierluigi Guasti will sell off their 20.31%, 23.15% and 5.14% shares respectively in BioDue. After closing, Armonia and Fidim intend to increase 100% of BioDue through the means of a total private offer on remaining 2.3 million shares of BioDue in circulation, at the price of €6.5 per share and will aim to delist BioDue. Vanni Benedetti, principal shareholder together with minority shareholder Pierluigi Guasti, will maintain a minority, and will not be able to accept their remaining shares of BioDue in the offer and will be considered “people acting in concert" with the buyers. The transaction is expected by the end of the third quarter of 2019.