© Reuters. FILE PHOTO: The logo of an infrastructure group Atlantia is seen outside their headquarters, in Rome, Italy October 5, 2020. REUTERS/Guglielmo Mangiapane
MILAN (Reuters) – A buyout offer launched by the Benetton family and U.S. investment fund Blackstone (NYSE:) for Italy’s Atlantia has reached the 90% threshold for the deal to proceed and trigger the company’s delisting, the bidders said on Thursday.
The bid initially failed to reach the threshold but was then reopened for another five days and closes on Friday.
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