Green light for Olivetti bid

Monday 01 March 1999 00:02 GMT

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Green light for Olivetti bid

OLIVETTI HAS been given the go-ahead by Italian stock exchange authorities to launch its pounds 36bn bid for Telecom Italia in April. This also means that Telecom Italia cannot attempt to frustrate the bid by buying out the minority shareholding in Telecom Italia Mobile or converting its savings shares into new ordinary shares

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Green light for Olivetti bid

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