|Bid||22.93 x 0|
|Ask||22.98 x 0|
|Day's range||22.93 - 22.99|
|52-week range||14.54 - 23.15|
|Beta (5Y monthly)||1.00|
|PE ratio (TTM)||57.33|
|Forward dividend & yield||0.74 (3.23%)|
|Ex-dividend date||23 May 2022|
|1y target est||N/A|
A buyout offer launched by the Benetton family and U.S. investment fund Blackstone for Italy's Atlantia has breached the 95% threshold, Reuters calculations showed, allowing the bidders to squeeze out the remaining investors. Including the stake already owned by the Benetton family and the holding Atlantia has in itself, they gained the support of 95.96% of shares, according to a Reuters calculation.
The buyout of Atlantia will cut another 19 billion euros ($19.5 billion) from the value of the Milan bourse and bring to 12 the number of companies to leave the stock exchange this year, fuelling fears about its standing. Legislators and regulators want to reverse the trend and reinforce the role of the 200-year-old Borsa Italiana at the heart of Italian business. Barbara Lunghi, head of equity listings Italy at market owner Euronext, argues the scrutiny of being a listed business and having external investors pushes businesses to innovate and develop.
MILAN (Reuters) -A buyout offer launched by the Benetton family and U.S. investment fund Blackstone for Italy's Atlantia has reached the 90% threshold for the deal to proceed and trigger the company's delisting, the bidders said on Thursday. The bidders' vehicle named Schema Alfa said in a statement the planned delisting would happen "as soon as possible in the following weeks". The enterprise value of the deal was around 54 billion euros ($56.32 billion) based on Atlantia's debt level at the end of last year.