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Poste Italiane raises Telecom Italia offer, waives threshold condition

Poste Italiane raises Telecom Italia offer, waives threshold condition

- Italian financial conglomerate Poste Italiane PST.MI said it increased the consideration for its tender offer on Telecom Italia TLIT.MI and waived its threshold condition.

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.

($1 = 0.8605 euros)


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

((chandni.shah@thomsonreuters.com))

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