Poste Italiane, majority-state-owned, launched a €10.8 billion (~$12.5 billion) cash-and-share offer to acquire Telecom Italia (TIM). The bid is large enough to materially move TIM and Poste shares, reshape ownership of Italy's former phone monopoly, and will likely draw close regulatory and government scrutiny.
Poste Italiane, majority-state-owned, launched a €10.8 billion (~$12.5 billion) cash-and-share offer to acquire Telecom Italia (TIM). The bid is large enough to materially move TIM and Poste shares, reshape ownership of Italy's former phone monopoly, and will likely draw close regulatory and government scrutiny.
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