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Poste Italiane raises Telecom Italia offer, waives threshold condition - Finance news and analysis from Global Banking & Finance Review
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Poste Italiane raises Telecom Italia offer, waives threshold condition

Published by Global Banking & Finance Review

Posted on September 7, 2026

1 min read

· Last updated: September 7, 2026

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Poste Italiane Increases Tender Offer for Telecom Italia and Waives Conditions

Poste Italiane's Revised Tender Offer Details

Sept 7 (Reuters) - Italian financial conglomerate Poste Italiane said it increased the consideration for its tender offer on Telecom Italia and waived its threshold condition.

Increased Cash Component

The aggregate cash component in the offer was increased by €0.30, to €1.97 per Telecom Italia share, with a maximum aggregate cash component of €3.36 billion ($3.90 billion), the company added.

Exchange Rate Information

($1 = 0.8605 euros)

Reporting and Editing Credits

(Reporting by Chandni Shah in Bengaluru; Editing by Edmund Klamann)

Key Takeaways

  • Poste Italiane increased its per‑share cash offer by €0.30 to €1.97, boosting maximum cash payout to €3.36 billion (€1 ≈ €0.86) — reaffirming its commitment to secure Telecom Italia. (posteitaliane.it)
  • The waiver of the threshold condition means the deal can proceed regardless of the level of shareholder participation, accelerating the takeover momentum. (posteitaliane.it)
  • This adjusted offer follows a broader €10.8 billion cash‑and‑stock takeover launched in March, approved by Consob in mid‑July, with the acceptance window ending September 11. (posteitaliane.it)

References

Frequently Asked Questions

What did Poste Italiane announce regarding Telecom Italia?
Poste Italiane increased its tender offer for Telecom Italia and waived its threshold condition.
How much is the new cash component per Telecom Italia share?
The aggregate cash component was increased to €1.97 per Telecom Italia share.
What is the maximum aggregate cash component in the offer?
The maximum aggregate cash component is €3.36 billion ($3.90 billion).
What condition did Poste Italiane waive in the offer?
Poste Italiane waived the threshold condition in its offer for Telecom Italia.

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