Sabato, 20 Ottobre 2018

RCS stock suspended amid 20% drop ahead of board meeting


(ANSA) – Milan, September 10 – Media company RCS MediaGroup,
owner of Italy's largest newspaper Corriere della Sera, was
suspended amid a theoretical drop of 20% of its share price
after declining for the fourth-straight trading session ahead of
Tuesday's board meeting
Italian stock-market watchdog Consob suspends the trading
of stocks that oscillate more than 10% in a day's session.
The RCS Mediagroup's board will meet to discuss stock
options, sources said.
However, the directors could also discuss a series of other
outstanding issues that Chief Executive Office Pietro Scott
Jovane has said would be addressed in the autumn.
The stock had rallied starting the end of August before
posting declines in the past four trading days.

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