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Poste Italiane’s €10.8B Telecom Italia bid sees low acceptance

Investors in Telecom Italia SpA face a September 11 deadline to accept Poste Italiane SpA’s €10.8 billion ($12.6 billion) takeover offer, with acceptance at just 6.16% of shares tendered as of Monday. CEO Pietro Labriola and other executives have tendered their shares, and the board endorsed the deal in July as strategically sound.

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