Poste Italiane secures 85.82% of Telecom Italia, below delisting threshold
Reuters calculations based on stock exchange data show the take-up falls short of the 90% level needed to take TIM private.
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Poste Italiane secures majority stake in Telecom Italia, below delisting threshold
Reuters calculations based on exchange data showed Poste increased its takeover-bid take-up after reopening the offer. The stake falls short of the 90% level needed to take TIM private.