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
$186.41 |
Change
-1.150(0.61%) |
Mkt cap ! $71.38B |
Open | High | Low | Value | Volume |
$185.00 | $186.66 | $184.40 | $101.6M | 545.7K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 712 | $186.41 |
Sellers (Offers)
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No. | Vol. | Price($) |
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2 | 1558 | 186.260 |
1 | 123 | 186.160 |
1 | 1508 | 186.140 |
1 | 1508 | 186.030 |
Price($) | Vol. | No. |
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186.500 | 50 | 1 |
186.700 | 663 | 1 |
186.760 | 737 | 1 |
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186.810 | 1508 | 2 |
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Last
$186.60 |
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Change
-1.150 ( 0.72 %) |
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Open | High | Low | Volume | ||
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Last updated 15.59pm 26/04/2024 ? |
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