TIM BoD accepts F2i/Rai Way offer for Persidera; mandates CEO to close deal and consider any other offers
24 FEB 2018
TIM’s [BIT:TIT] Board of Directors met today (23 February) in Milan, and examined and evaluated positively, by a majority vote, the offer to purchase Persidera received from F2i and Rai Way [BIT:RWAY], having determined that the stake in the company is not a strategic asset for TIM.
The Board has therefore granted TIM’s CEO, Amos Genish, the power to finalize the deal and to consider any further offers, should one be made.
Voluntarily applying the discipline for transactions with related parties, the Control and Risk Committee has supported the operation by a majority vote.
An unsourced report in Italian language daily Il Sole 24 Ore said that the F2i/Rai Way offer for TIM's 70% stake in Persidera was EUR 250m.
The report also claimed that infrastructure fund I Squared Capital has made a tentative offer of EUR 290m for the stake. However, the item said that the offer is conditional on I Squared Capital being able to carry out due diligence.TIM BoD accepts F2i/Rai Way offer for Persidera; mandates CEO to close deal and consider any other offers
24 FEB 2018
TIM’s [BIT:TIT] Board of Directors met today (23 February) in Milan, and examined and evaluated positively, by a majority vote, the offer to purchase Persidera received from F2i and Rai Way [BIT:RWAY], having determined that the stake in the company is not a strategic asset for TIM.
The Board has therefore granted TIM’s CEO, Amos Genish, the power to finalize the deal and to consider any further offers, should one be made.
Voluntarily applying the discipline for transactions with related parties, the Control and Risk Committee has supported the operation by a majority vote.
An unsourced report in Italian language daily Il Sole 24 Ore said that the F2i/Rai Way offer for TIM's 70% stake in Persidera was EUR 250m.
The report also claimed that infrastructure fund I Squared Capital has made a tentative offer of EUR 290m for the stake. However, the item said that the offer is conditional on I Squared Capital being able to carry out due diligence.TIM BoD accepts F2i/Rai Way offer for Persidera; mandates CEO to close deal and consider any other offers
24 FEB 2018
TIM’s [BIT:TIT] Board of Directors met today (23 February) in Milan, and examined and evaluated positively, by a majority vote, the offer to purchase Persidera received from F2i and Rai Way [BIT:RWAY], having determined that the stake in the company is not a strategic asset for TIM.
The Board has therefore granted TIM’s CEO, Amos Genish, the power to finalize the deal and to consider any further offers, should one be made.
Voluntarily applying the discipline for transactions with related parties, the Control and Risk Committee has supported the operation by a majority vote.
An unsourced report in Italian language daily Il Sole 24 Ore said that the F2i/Rai Way offer for TIM's 70% stake in Persidera was EUR 250m.
The report also claimed that infrastructure fund I Squared Capital has made a tentative offer of EUR 290m for the stake. However, the item said that the offer is conditional on I Squared Capital being able to carry out due diligence.TIM BoD accepts F2i/Rai Way offer for Persidera; mandates CEO to close deal and consider any other offers
24 FEB 2018
TIM’s [BIT:TIT] Board of Directors met today (23 February) in Milan, and examined and evaluated positively, by a majority vote, the offer to purchase Persidera received from F2i and Rai Way [BIT:RWAY], having determined that the stake in the company is not a strategic asset for TIM.
The Board has therefore granted TIM’s CEO, Amos Genish, the power to finalize the deal and to consider any further offers, should one be made.
Voluntarily applying the discipline for transactions with related parties, the Control and Risk Committee has supported the operation by a majority vote.
An unsourced report in Italian language daily Il Sole 24 Ore said that the F2i/Rai Way offer for TIM's 70% stake in Persidera was EUR 250m.
The report also claimed that infrastructure fund I Squared Capital has made a tentative offer of EUR 290m for the stake. However, the item said that the offer is conditional on I Squared Capital being able to carry out due diligence.