By Pierre Bertrand
Atlantia SpA said Wednesday that its board of directors deems a takeover offer launched by U.S. fund Blackstone Inc. and Italy's Benetton family as fair from a financial standpoint.
The two parties, via their Schema Alfa SpA investment vehicle, have offered to buy out the Italian infrastructure company for around 12.7 billion euros ($12.68 billion), or EUR23 a share.
The bidders plan to delist the company following the purchase.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
10-05-22 0723ET