The CAD IT Board of Directors starts the procedure for the `reverse` merger of CAD IT S.p.A. into its 100% subsidiary, CAD S.r.l. - The merger with Quarantacinque S.p.A. has been revoked
(WorldNews Italy)

The Board of Directors of CAD IT, leader in the Italian financial software market, believing it appropriate to obtain company share delisting from the `Mercato Telematico Azionario` (MTA) in order to ensure cost savings, greater managerial flexibility, organizational simplification and therefore a consequent acceleration in strategic decision-making, has decided to begin the procedure for the Company`s merger into its own 100% subsidiary, CAD S.r.l. (the `Merger`), issuing a mandate to call an extraordinary...