Poste Italiane is trading at €25.95 (-4.08%) amid uncertainty over its Telecom Italia offer.
- Shares fell alongside Telecom Italia as the September 11 tender-offer deadline approaches; coverage reports speculation Poste may increase the offer’s cash component, while TIM trades above its implied value.
- The decline appears company-specific rather than broad-market driven. The planned acquisition also involves issuing new shares and substantial cash funding, factors previously associated with investor concern.