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Poste falls short of Telecom Italia delisting threshold after takeover bid
Source: reuters.com
M&A & RestructuringTelecommunications & Media
Poste Italiane secured 85.82% of Telecom Italia (TIM) after raising the price of its takeover offer and reopening the bid, according to Reuters calculations based on exchange data. The increased stake strengthens Poste's control of TIM and advances the acquisition transaction.
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