Telecom Italia may lift stock bid
Article Abstract:
Telecom Italia's plan to raise 4.4 billion Euros to buy back nonvoting shares is likely to succeed. Olivetti SpA, who owns much of the telecommunications business' stock, promised to allow Telecom Italia to acquire savings shares earlier.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Telecom Italia unit's merger with Seat PG may turn costly
Article Abstract:
Telecom Italia SpA could see unexpected debts as high as 16.3 billion euros as the result of the merger between Tin.it and Seat Pagine Gialle SpA. Tin.it is a division of Telecom Italia. Under the deal's terms, Telecom Italia would have to acquire the 70.1% of Seat PG that it does not already own.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Pirelli and Benetton family gain grip on Telecom Italia
Article Abstract:
The article discusses the announcement made by Pirelli SpA, the Benetton clothing family, and its holding company, Edizione Holding, that they will enter into a Euro7 billion deal to take control of Telecom Italia SpA, via a joint 23% stake in Olivetti SpA, which controls 55% of the telecom company. The deal allows the exit of Telecom Italia's dominant shareholder, Roberto Colaninno.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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