Poste raises cash offer for Telecom Italia
Poste Italiane has increased the cash component of its takeover offer for Telecom Italia by 18 percent to 1.97 euros per share. The revised deal values the offer at 13.15 billion euros as Poste seeks to secure control of the former phone monopoly.
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POSTE ITALIANE SPA raised its takeover offer for TELECOM ITALIA SPA to €13.15 billion ($15.29 billion) on Tuesday morning, boosting the cash component by 18% to €1.97 per share.
