MILAN, Feb 26 (Reuters) - Activist hedge fund TCI, which holds an indirect stake of around 10% in Atlantia ATL.MI , asked the board of the Italian group to reject an offer by a consortium led by Cassa Depositi e Prestiti for Atlantia's stake in Autostrade per l'Italia unit.
"No deal is better than a bad deal, especially a bad deal and a wrong price," said Jonathan Amouyal, Partner of TCI Advisory Services, in a emailed comment to Reuters.
TCI said Atlantia's board should ask international banks to prepare a fairness opinion on Autostrade per l'Italia's stake sale.
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News: MQG TCI asks Atlantia's board to reject CDP-led consortium bid for motorway unit
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Last
$199.70 |
Change
1.800(0.91%) |
Mkt cap ! $76.51B |
Open | High | Low | Value | Volume |
$199.58 | $200.25 | $199.17 | $116.4M | 583.2K |
Buyers (Bids)
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1 | 4 | $199.60 |
Sellers (Offers)
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$199.80 | 40 | 1 |
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No. | Vol. | Price($) |
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1 | 15 | 199.340 |
1 | 5 | 198.100 |
1 | 6 | 198.000 |
1 | 10 | 197.900 |
Price($) | Vol. | No. |
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199.800 | 40 | 1 |
199.900 | 1000 | 1 |
199.940 | 50 | 1 |
199.950 | 161 | 1 |
199.990 | 100 | 1 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$199.71 |
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Change
1.800 ( 0.84 %) |
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Open | High | Low | Volume | ||
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Last updated 15.59pm 29/03/2024 ? |
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