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.
Poste falls short of Telecom Italia delisting threshold after takeover bid
Poste Italiane MIL:PST has secured %85.82 of Telecom Italia (TIM) MIL:TIT after increasing the price of its takeover bid and reopening it, Reuters calculations based on stock exchange data showed on Friday.The take-up falls short of the 90% ownership threshold that would have allowed Poste to take…