Poste Italiane says Consob clears offer document for TIM bid, sets July 20-Sept. 11 acceptance period

Reuters2026/07/16 05:46

By:Reuters

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Poste Italiane’s offer for Telecom Italia (TIM) shares cleared a key regulatory step with the offer document signed off by Consob.
The acceptance window runs from July 20, 2026 to Sept. 11, 2026, covering 40 trading days.
Each TIM share tendered is valued at EUR 1.67 in cash plus 0.218 newly issued Poste Italiane ordinary shares.
Settlement is scheduled for Sept. 18, 2026, subject to any extensions of the acceptance period.
A five-day re-opening may run Sept. 21–25, 2026, with payment slated for Oct. 2, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Poste Italiane S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 1130-109-2026_TELEBORSA.pdf), on July 16, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Poste Italiane says Consob clears offer document for TIM bid, sets July 20-Sept. 11 acceptance period

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