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Poste Italiane secures 66.6% stake in Telecom Italia after €13 billion bid

Verifying
  • Poste Italiane secured a 66.6% stake in Telecom Italia after the offer's main phase.
  • The offer valued Telecom Italia at about €13 billion at Friday's closing prices.
  • Poste waived its 66.67% acceptance threshold and will reopen the offer September 21-25.
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Poste Italiane secures 66.6% stake in Telecom Italia after €13 billion bid - CoinPost Terminal