|Bid||22.24 x 111200|
|Ask||22.25 x 23200|
|Day's range||21.97 - 22.26|
|52-week range||17.74 - 23.71|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||23.19|
** Comcast Corp offered $65 billion for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration's attempt to block a merger with Time Warner Inc. ** AT&T Inc won court approval on Tuesday to buy Time Warner Inc for $85 billion, rebuffing an attempt by U.S. President Donald Trump's administration to block the deal and likely setting off a wave of corporate mergers.
How far off is Cellnex Telecom SA. (BME:CLNX) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock isRead More...
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The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** Shire, the London-listed rare diseases specialist that is a potential takeover target for Japan's Takeda Pharmaceutical, is selling its oncology business to unlisted French drugmaker Servier for $2.4 billion. ** Pebblebrook Hotel Trust has sweetened its $3 billion-plus offer to buy U.S. peer LaSalle Hotel Properties after the owner of high-end locations including 'W' Los Angeles saw an initial bid rebuffed last month.
Italy's Atlantia (ATL.MI) said on Monday it would sell a 29.9 percent stake in Spanish telecoms mast group Cellnex (CLNX.MC) to Edizione, which is the Benetton family holding company and also its controlling shareholder. Atlantia was granted an option to invest in Cellnex under a deal last month to acquire Spanish toll-road operator Abertis (ABE.MC), which owns 34 percent of the telecom tower firm. Under the deal, conditional on the Abertis sale going through successfully, Atlantia has the right to sell the Cellnex stake to the Benettons at 21.50 euros per share, cum dividend, for a total of 1.489 billion euros (1.3 billion pounds).
Italian infrastructure group Atlantia said on Friday it had decided to exercise an option to buy all or part of the shares in Spanish telecoms masts group Cellnex owned by Abertis for between 21.20-21.50 euros per share. Atlantia was given the option to invest in Cellnex under an agreement clinched last week to acquire Spanish toll-road operator Abertis in a joint bid with Spanish builder ACS. Under European rules, Atlantia would have to make a full takeover if it buys a stake of 30 percent or more in Cellnex.
Atlantia (ATL.MI) and ACS (ACS.MC) must seek consent from the Spanish government to complete their joint bid for motorway firm Abertis (ABE.MC), Public Works minister Inigo de la Serna said on Thursday. An agreement between Spain's ACS and Italy's Atlantia to make a joint 18 billion euro bid for Abertis will create a new company which will hold the Spanish toll-road operator's assets and will be jointly run. The deal was partly designed to ease Spain's concerns over strategic assets falling to foreign business interests after Atlantia launched a full takeover offer, and it has been closely scrutinised by the government.
Atlantia (ATL.MI) has no plans to buy all of Spanish telecom towers group Cellnex (CLNX.MC) which is controlled by its bid target Abertis, the Italian firm's chief executive Giovanni Castellucci has said. Motorway and airport operator Atlantia will decide by Friday whether to acquire 29.9 percent of Cellnex, Castellucci told analysts on a March 15 conference call, according to a transcript published by Thomson Reuters StreetEvents. Atlantia's CEO also told analysts that the Italian group would next year pay a 30 percent increase on top of a 10 percent rise it normally pays to its investors each year, calculating the increase based on the dividend of 0.97 euros/share paid on 2016 results.
An agreement between Spain's ACS (ACS.MC) and Italy's Atlantia (ATL.MI) to make a joint 18-billion-euro ($22.2 billion) bid for Abertis (ABE.MC) will not lead to a break-up of the Spanish toll-road operator's assets, ACS's chairman said on Thursday. Spanish builder ACS and Atlantia agreed to jointly bid for Abertis on Wednesday, ending a five-month bidding battle and easing political concerns. Spain's government had worried that an Italian takeover would have left important highways and a strategic satellite business under foreign ownership.
MILAN/ROME (Reuters) - Italy's Atlantia and Spanish builder ACS agreed a joint 18 billion euro (£15.9 billion) bid for Abertis on Wednesday, ending a five-month battle for the Spanish road-toll operator and easing political worries. The Spanish government had been concerned that an Italian victory could leave some of the country's most important roads under full foreign control and the proposed joint bid, which will be made by ACS-controlled Hochtief, ensures a strong Spanish influence over the future of Abertis. Under the terms of the proposed deal Atlantia will own 50 percent plus one share in the entity which will ultimately own Abertis, plus an additional, indirect stake through a related purchase of around 25 percent interest in Hochtief.
The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of ...
MADRID/MILAN/ROME (Reuters) - Spain's ACS (ACS.MC) and Italy's Atlantia (ATL.MI) said they are in talks over their competing bids for Spanish toll road company Abertis (ABE.MC) and a source said they could decide to break up the company rather than press on with a costly takeover battle. "If a deal is reached, Atlantia would likely withdraw its offer for the Spanish company and sign an agreement with ACS on how to divide Abertis's assets," the source close to the matter said. Atlantia would be interested in the Italian, French and part of the Latin American assets of the Spanish toll-road operator, the source said.
Cellnex, which aims to consolidate the wireless towers markets across Europe, suddenly finds itself in a buyer's market for assets and is ready to raise its debt levels to win certain deals, Chief (Taiwan OTC: 3345.TWO - news) Executive Tobias Martinez Gimeno said on Wednesday. The company, which is especially active in Spain and Italy, has acquired some 25,000 towers across Europe to help wireless operators in six European countries cut the costs of delivering high-speed 4G calling and data services to customers. Earlier on Wednesday, two of Europe's biggest telecom players - Deutsche Telekom (IOB: 0MPH.IL - news) of Germany and Altice (Amsterdam: 28975495.AS - news) of France - told an investor conference they were no longer committed to hanging on to tower network assets and would consider selling them.
British broadcast and mobile masts company Arqiva (IPO-ARGL.L) plans to raise around 1.5 billion pounds in the biggest initial public offering (IPO) in London so far in 2017. Private equity owned Arqiva, which carried the BBC's first television broadcast in 1936, said on Monday it will use the proceeds from next month's listing to pay down debt. After 2.6 billion pounds worth of debt held by shareholders is converted into equity, Arqiva's implied enterprise value, which includes debt, could be around 6 billion pounds, a source told Reuters following the announcement.
British broadcast and mobile masts company Arqiva plans to raise around 1.5 billion pounds in the biggest initial public offering in London so far in 2017. Private equity owned Arqiva, which carried the ...
MADRID/MILAN (Reuters) - Spain's market watchdog approved Italian infrastructure group Atlantia's (ATL.MI) proposed takeover of Spanish rival Abertis (ABE.MC) on Monday, clearing one of the hurdles to the creation of the world's biggest toll-roads operator. Approval comes nearly five months after Atlantia announced it was offering 16.3 billion euros (14.55 billion pounds) in cash and shares to buy Abertis. Spanish regulator CNMV said in a market filing the offer was conditional on shareholders representing at least 10.1 percent of Abertis share capital accepting payment in Atlantia shares.