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Telecom Italia board backs Poste's takeover offer

Summary

Telecom Italia's (TIM) board on Saturday unanimously approved Poste Italiane's voluntary public tender ‌and exchange offer for all of the company's shares. Poste became TIM's largest single shareholder last year with a 20% stake in the company. It launched a bid in March for the shares it does ⁠not already own.

13 Articles

il Giornale

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Tim, the Board of Directors Promotes the OPAS Di Poste

The offer document was unanimously approved. Both business plans postponed

2 days ago·Italy

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Globo

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Telecom Italia Board Approves Offer of 10.8 Billion Euros From Poste Italiane

Telecom Italia's board of directors unanimously approved the offer to purchase 10.8 billion euros (US$ 12.4 billion) made by Poste Italiane, considering it financially fair, informed the company in press release this Saturday. The board of the telephone operator also positively evaluated the business prospects of the proposed transaction, according to the press release. Telecom Italia is the owner of TIM in Brazil. The favorable demonstration el…

3 days ago·Rio de Janeiro, Brazil

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Investing.com

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Telecom Italia board set to endorse Poste’s €10.8bn takeover bid By Investing.com

Telecom Italia board set to endorse Poste’s €10.8bn takeover bid

3 days ago

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Bloomberg

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Telecom Italia Board Endorses €10.8 Billion Poste Bid as Fair

Telecom Italia SpA’s board unanimously endorsed Poste Italiane SpA’s €10.8 billion ($12.4 billion) takeover offer as financially fair, the company said in a statement on Saturday.

3 days ago·New York, United States

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Reuters

+2 Reposted by 2 other sources

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Telecom Italia board backs Poste's takeover offer

Telecom Italia's (TIM) board on Saturday unanimously approved Poste Italiane's voluntary public tender ‌and exchange offer for all of the company's shares.

3 days ago·London, United Kingdom

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La Repubblica

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From Tim Ok to the Public Offer of the Post Office: The Price Is Reasonable (Translated with Google Translate)

Telecom Italia's Board of Directors unanimously approved the communication on the Opas announced in March for a value of 10.8 billion. The transaction will start on Monday in Piazza Affari

3 days ago·Rome, Italy

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