Poste Italiane is trading at €25.95 (-4.08%) amid investor concerns about funding and dilution linked to its Telecom Italia offer.
- Poste Italiane raised the offer by €550 million to €11.35 billion, increasing the cash component to €1.97 per TIM share and adding 0.218 newly issued Poste shares.
- The September 11 tender deadline is approaching, while the enlarged cash commitment and potential share issuance heighten funding and dilution concerns.
- Poste waived its 66.67% acceptance threshold, increasing execution exposure.