In today’s briefing:
- Edizione & KKR/Atlantia: All Clearances Obtained
Edizione & KKR/Atlantia: All Clearances Obtained
- Edizione/Blacktone have obtained clearances from Bank of Italy and Bank of Spain regarding their voluntary takeover offer for Atlantia. Once the Consob approves the prospectus the offer can be launched.
- The offer period should start in October and should be completed after 40 working days, with settlement by the end of November, and delisting by the end of the year.
- Gross spread is 1.13%, 7.06% annualised return assuming settlement by 30 November. Long ATL IM.
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