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Poste Italiane secures 85.82% of Telecom Italia, missing delisting threshold

Verifying
  • Poste Italiane secured 85.82% of Telecom Italia after raising and reopening its takeover bid.
  • The €13 billion offer remained below the 90% ownership threshold for taking TIM private.
  • Poste had held 66.6% after the main offer period ended on September 11.
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Poste Italiane secures 85.82% of Telecom Italia, missing delisting threshold - CoinPost Terminal