MILANO – Tim moves up in Piazza Affari, despite the generalized debacle of the price lists worried about the Covid variants, in the “long day” – as the analysts have already renamed it – which leads to the meeting of the extraordinary board, which on the table has the analysis of strategies, budgets and Kkr’s proposal to acquire the entire Tlc group with a preliminary offer indicated last weekend at 50.5 cents.
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On the eve of the board of directors, the chief executive officer Luigi Gubitosi he put his future in the hands of the councilors. He will make his proxies available and the board will be able to reconfirm them, assign them to another director (if no one resigns, it is not possible to co-opt anyone because the board already has its maximum number of members), set up an executive committee or hold them collegially.
These are all the possibilities granted by the civil code to a listed company, net of reading Gubitosi’s move as an attempt to recompose the board. Analysts are cautious and try to understand the reason for the difference, despite the price offered is the same, always € 0.505, between savings and ordinary. The former are trading at 46 cents (+ 0.48%) and the latter are already very close to the value of the offer, trading at 49 cents (+ 1%).
After the words of Giorgetti and Draghi recorded in the last few days, also the minister of technological innovation, Vittorio Colao, has returned to clarify the point: the government is following the Tim affair. “We leave the market events to the market. Obviously we follow the situation because we care about the security of Italian networks and data and, as far as I’m concerned, the broadband and 5G development plans that are part of the Recovery plan. But as I said, now we wait and follow the facts, “Colao said.
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