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Market Impact: 0.4
Poste Italiane raises Telecom Italia offer, waives threshold condition
Source: reuters.com
M&A & RestructuringTelecommunications & Technology
Poste Italiane increased the consideration offered in its tender bid for Telecom Italia and waived the offer's minimum acceptance threshold. The revised terms increase the probability that Poste can complete the transaction, providing a positive catalyst for Telecom Italia shareholders and the Italian telecom sector.
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