Atlantia says to decide on changes on Abertis bid once rival offer cleared

By Kitco News / January 19, 2018 / www.kitco.com / Article Link

MILAN, Jan 19 (Reuters) - Italian motorway operator Atlantia said on Friday it would decide on possible changes to the price and the structure of its takeover offer for Spain's Abertis once a competing offer has been approved by authorities.

The Italian group could also decide to waive the minimum acceptance condition for the equity component of the takeover bid, the company said.

Atlantia will convene shareholders on Feb. 21 to approve the postponement of a deadline to carry out a cash call linked to the bid for Abertis, it said in a statement. It plans to postpone the deadline to Nov. 30 from April 30.

The extraordinary shareholders' meeting will also vote on rescheduling the lock-up period for the special shares it will issue for its cash-and-share offer for Abertis.


(Reporting by Francesca Landini)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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