Abertis: Atlantia Bid Has Room for Improvement

Date : 19/10/2017 @ 08h58
Source : Dow Jones News
Valeur : Atlantia (ATL)
Cours : 23.49  0.32 (1.38%) @ 17h35
Atlantia Cours Graphique

Abertis: Atlantia Bid Has Room for Improvement

Atlantia (BIT:ATL)
Graphique Historique de l'Action

2 ans : De Avr 2017 à Avr 2019

Plus de graphiques de la Bourse Atlantia
   By Nathan Allen 

Spanish toll-road operator Abertis Infraestructuras SA (ABE.MC) said Thursday that a takeover bid it received from Italy's Atlantia SpA (ATL.MI) has room for improvement.

Atlantia's bid, which was submitted in May, values Abertis at 16.3 billion euros ($19.19 billion) or EUR16.50 per share, but Abertis has been trading above EUR17 per share since September. The bid received formal approval from Spain's regulator earlier in the month, obliging Abertis to issue a response.

In a filing to the market regulator, Abertis's board concluded that the offer is "positive and attractive from the industrial point of view," but it believes the cash consideration value could be improved.

Abertis has become the subject of a bidding war after Germany's Hochtief AG (HOT.XE) on Wednesday submitted a long-awaited cash and share offer, valuing the company at EUR18.6 billion, or EUR18.76 per share.

Hochtief's bid is yet to receive regulatory approval and Abertis has not commented on it.


Write to Nathan Allen at nathan.allen@dowjones.com


(END) Dow Jones Newswires

October 19, 2017 02:43 ET (06:43 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Dernières Valeurs Consultées
Société Gé..
CAC 40
Euro vs Do..
Les dernières valeurs consultées apparaîtront dans cette boîte, vous permettant de choisir facilement les titres vus auparavant.

Inscrivez-vous maintenant pour créer votre liste d'actions personnalisée, en streaming.

Les cours EURONEXT (CAC 40, etc. ) et FOREX (les devises) sont en direct si connecté.
NYSE, AMEX, et ASX sont en différé d'environ 20 minutes. Les autres cours sont en différé d'environ 15 minutes.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Conditions Générales

P: V:fr D:20190425 00:06:32