Poste Italiane raises Telecom Italia offer, waives threshold condition
30 Articles
30 Articles
The Board of Post has deliberated to increase the consideration of the Offer on Tim through the recognition of an additional component in cash equal to 0,30 euros for each share Tim brought in adhesion to the Offer. It communicates the company in a note. (ANSA)
Poste Italiane raises Telecom Italia offer, waives threshold condition
Italian financial conglomerate Poste Italiane raised the value of its takeover offer for Telecom Italia by €550 million on Monday to €11.35 billion ($13.19 billion), adding cash and introducing an equity sweetener.
Poste Italiane raises the offer on Tim, adding a cash quota, giving up the minimum threshold of 66.67% and reopening the terms of membership from 21 to 25 September. L'articolo Poste raises the offer by 30 cents on Tim: the cash consideration rises to 1.97 euros comes from La Verità.
Poste Italiane raises the price of the "opas" on Telecom Italia. The board of directors of Poste, meeting today, has decided to increase the consideration of the offer through the recognition of a...
Poste Italiane, Italian postal services state, increased by 18% the price per share of the TIM Group, paying 1.97 euros per paper in public offer. Company seeks approval from the shareholders of the operator to reach 66.67% of the share capital; board of directors of TIM have already adhered to the offer #teletime #teletimenews
The Poste Italiane Board of Directors has agreed to increase the consideration of the voluntary takeover bid (OPA) launched last March on Telecom Italia (TIM). By means of an additional cash payment of €0.30 per title, the State postal company and main shareholder of the operator (with 27.3% of the capital) raises the implied total amount of the operation to €11,345,1 million, compared with the 10,800 million initially provided for in the prospe…
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