Benetton, the 8 billion for Autostrade attract institutional investors
The day of the announcement has arrived. Benetton is about to launch the takeover bid up Atlantia. A defensive move, – reads the Corriere della Sera – supported by the US fund Blackstoneto prevent hostile offers from investors institutional interested in a listed company that is about to receive 8 billion euro check for the sale of 88% of Highwaysof which half, approximately 4 billion, in the hands of Deposit Fund. A valuation between 18 and 19 billion. A prize to the shareholders of about 30% compared to the performance of the stock over the last six months.
For a takeover bid on Atlantia – continues the Courier – included in a price range between 22 and 23 euros for action, slightly above yesterday’s close on the stock market at 21.72 euros. Today is the day of the announcement of the launch of the takeover bid on holding 33.1% controlled by Editionthe corporate box attributable to the four branches of the family Benetton. The scheme with which the operation will take place should be that of one newco controlled at 60% from Edition and participated in 40% from Blackstone.
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