Telecom Italia Board Unanimously Endorses Poste Italiane’s $12.4 Billion Takeover Offer
businessmergers-acquisitions 2 posts · 1 accounts
Telecom Italia’s board unanimously endorsed Poste Italiane’s takeover offer as financially fair, the company confirmed in a statement Saturday. The deal values the telecommunications provider at €10.8 billion, or $12.4 billion.
The board’s decision follows earlier indications that it would not seek a higher valuation to approve the acquisition, advancing the process for the Italian company.
From the sources (2 posts)
@businessTelecom 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.
@businessTelecom Italia’s board is leaning toward endorsing Poste's $12.4 billion takeover offer as fair, and is unlikely to seek a higher price