|Bid||15.55 x 0|
|Ask||15.65 x 0|
|Day's range||15.49 - 15.91|
|52-week range||11.20 - 16.56|
|Beta (5Y monthly)||1.42|
|PE ratio (TTM)||N/A|
|Earnings date||04 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||20 May 2019|
|1y target est||22.82|
MILAN (Reuters) -A bid for Atlantia's motorway unit from a consortium led by Italian state lender CDP looked more likely to succeed after getting the backing of a top governance adviser. International Shareholder Services (ISS) has recommended shareholders support the sale of infrastructure group Atlantia's 88% stake in Autostrade per l'Italia to the consortium. The ISS recommendation, contained in a report seen by Reuters on Wednesday, boosts the chances of the bid being accepted after Benetton family holding Edizione and banking foundation CRT flagged a preference for it.
MILAN (Reuters) -Italian state lender CDP and its partners' sweetened bid for Atlantia's motorway unit Autostrade still values it 9.1 billion euros ($11.00 billion), but includes a 180 million euro fee paid to the seller, two sources with knowledge of the matter said on Friday. The board of Atlantia is expected to review the offer, whose details have not been published, later on Friday. Activist hedge fund TCI, an investor in Atlantia with an indirect stake of around 10%, said the revised offer should be rejected as the improvement appeared too small.
Atlantia investor and hedge fund TCI has urged Italy's government not to put any pressure on the Italian infrastructure group to strike a deal to sell its motorway business Autostrade, a letter seen by Reuters shows. TCI's letter, dated April 12, asks the government to allow Atlantia to evaluate "independently and free from any political interference" an offer for Autostrade from Spanish infrastructure group ACS. Autostrade, which manages half of Italy's motorway network, has been in the political crosshairs since the 2018 deadly collapse of a Genoa motorway bridge run by the company.