Atlantia's Board Says Blackstone-Benetton Buyout Bid Is Fair
October 05 2022 - 7:38AM
Dow Jones News
By Pierre Bertrand
Atlantia SpA said Wednesday that its board of directors deems a
takeover offer launched by U.S. fund Blackstone Inc. and Italy's
Benetton family as fair from a financial standpoint.
The two parties, via their Schema Alfa SpA investment vehicle,
have offered to buy out the Italian infrastructure company for
around 12.7 billion euros ($12.68 billion), or EUR23 a share.
The bidders plan to delist the company following the
purchase.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 05, 2022 07:23 ET (11:23 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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