GBL raised Recordati offer: GBL stock sits 19.67 percent below high

Published on 10/09/2026 at 11:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Recordati offer reaches EUR 53.00 per share, with voting open to October 23. GBL stock costs EUR 68.80 on October 9, 2026 versus EUR 68.70.

Key points in brief

GBL and CVC raised the Recordati offer to EUR 53.00 per share on October 6, 2026.
The acceptance period now ends on October 23, 2026, with payment scheduled for November 2, 2026.
GBL stock was trading at EUR 68.80 at Lang & Schwarz on October 9, 2026, up 0.15 percent versus EUR 68.70.
GBL held 10,288,252 of its own shares, equal to 7.93 percent of issued capital, as of June 30, 2026.

Geometrisches Bauhaus-Poster in Primärfarben mit großer Typografie HOLDING — Bauhaus-Poster mit dem Wort HOLDING symbolisiert Groupe Bruxelles Lambert SA, ISIN BE0003797140, geometrisch gestaltet, Illustration mit AI erstellt.

GBL (ISIN BE0003797140) was trading at EUR 68.80 at Lang & Schwarz on October 9, 2026 at 11:09 a.m. CEST, up 0.15 percent versus the prior close of EUR 68.70. The price stood 19.67 percent below its 52-week high of EUR 85.65, while Reuters reported on October 6, 2026 that GBL and CVC had raised their Recordati offer from EUR 51.29 to EUR 53.00 per share.

Three dated steps in the offer

On May 22, 2026, GBL and CVC had presented the original EUR 51.29 per-share offer for Recordati, according to Reuters. As of June 30, 2026, GBL reported share capital of EUR 653.10 million represented by 129,800,000 shares on its shareholding page. On October 6, 2026, the revised Recordati consideration reached EUR 53.00 per share, including EUR 0.71 of the 2025 dividend already distributed, according to Reuters.

What does the revised offer change?

The increase from EUR 51.29 to EUR 53.00 represents a 3.34 percent rise in the cash offer. Reuters said the new price was presented as the best and final offer, while the total consideration including the distributed dividend reached EUR 53.71 per share.

The acceptance period, which had been due to close on October 15, 2026, was extended to October 23, 2026. As of October 5, 2026, shareholders representing 49.79 percent of Recordati share capital had tendered their shares, while CVC already owned 46.80 percent, Reuters reported.

Dates that set the next checkpoints

October 23, 2026 is the revised end of the acceptance period, and November 2, 2026 is the scheduled payment date for tendered shares, according to Reuters. Those dates give shareholders a defined timetable for assessing whether the final offer secures the required support for the planned delisting.

GBL also held 10,288,252 of its own shares as of June 30, 2026, equal to 7.93 percent of issued capital, according to the company page. That holding is a concrete capital-allocation figure alongside the Recordati transaction and helps explain why the bid remains material for GBL shareholders.

GBL stock remains below its yearly high

The EUR 68.80 Lang & Schwarz price on October 9, 2026 was 19.67 percent below the EUR 85.65 52-week high, with the daily move limited to plus 0.15 percent versus EUR 68.70. The further course of trading is shown by the continuously updated real-time quote of GBL stock.