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.
News: MQG TCI asks Atlantia's board to reject CDP-led consortium bid for motorway unit
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Last
$186.41 |
Change
-1.150(0.61%) |
Mkt cap ! $71.38B | |||
| Open | High | Low | Value | Volume |
| $185.00 | $186.66 | $184.40 | $101.6M | 545.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 712 | $186.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $186.50 | 50 | 1 |
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| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$186.60 |
Change
-1.150 ( 0.72 %) |
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| Open | High | Low | Volume | ||
| $185.00 | $186.64 | $184.41 | 27713 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
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