The offer document approved by Consob has been published, through which Poste Italiane, as announced some time ago, is promoting a takeover bid (OPAS) on Tim for a consideration that includes a cash component of 1.67 euros and a part represented by Poste shares issued in service of the capital increase for the completion of the offer, equal to 0.218 securities with regular dividend entitlement and the same characteristics as the ordinary shares in circulation.
Therefore, by way of example, for every package of 500 Tim shares tendered, 109 newly issued Poste shares plus 835 euros will be paid.
Among the conditions for the transaction to take effect, Poste mentions the holding, taking into account the stake already held and as a result of acceptances of the Offer, of a share exceeding 66.67% of the share capital of the telecoms group, and recalls that the offer begins tomorrow and will close on 11 September.
Reproduction reserved © Copyright ANSA
