Atlantia to Get EUR23-a-Share Bid From Benettons and Blackstone, Reuters Reports
April 14 2022 - 3:08AM
Dow Jones News
--The Benetton family and U.S. fund Blackstone Inc. will spend
up to 12.7 billion euros ($13.83 billion) to take Italian
infrastructure company Atlantia SpA private, Reuters reports.
--The two partners said they would offer EUR23 per Atlantia
share, a 24% premium on Atlantia's share price on April 5, before
M&A speculation drove gains, Reuters reports.
--The Benettons own 33% of Atlantia, and last week said they had
rebuffed advances by two other funds to acquire the company and
hand its motorway concessions business to Spain's Actividades de
Construccion y Servicios SA.
Full story: https://reut.rs/3jAPRsH
Write to Cristina Roca at cristina.roca@wsj.com
(END) Dow Jones Newswires
April 14, 2022 02:53 ET (06:53 GMT)
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