Deals
Benettons, Blackstone Set to Move Ahead With Bid for Atlantia
- Atlantia extended bid terms, waived threshold condition
- Benettons are reinventing their firm after Autostrade sale
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Italy’s billionaire Benetton family and investment firm Blackstone Inc. are set to move forward with their bid for infrastructure giant Atlantia SpA, even after their takeover offer fell just short of the required 90% shareholder threshold.
Schema Alfa SpA, the bidders’ vehicle owned by the Benettons and Blackstone, will waive a threshold condition, it said in a statement late Friday. In addition, terms for accepting the offer will be reopened starting from Nov. 21-25.