MILAN (Reuters) – Italian infrastructure group Atlantia said on Wednesday it considered the share price in the tender offer announced by Edizione and Blackstone (NYSE::) financially fair.
Italy’s Benetton family and US investment fund Blackstone announced in April a €58 billion ($58 billion) takeover bid for Atlantia, to make it private and avoid rival competitors for the airport and highway operator.
They are offering Atlantia investors 23 euros per share.
Earlier this week, the Italian market watchdog approved the takeover bid prepared by Benetton, which already owns a 33% stake in the infrastructure group, and the US investment fund.
The offer is scheduled to start on October 10 and end on November 11 ($1 = €1.0063)