|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.64 - 9.64|
|52 Week Range||6.31 - 9.90|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||12.34|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||May 20, 2019|
|1y Target Est||N/A|
One thing to start: a crucial source of funding for blank-cheque company deals is drying up — so-called Pipe financing — pointing to a slowdown for one of Wall Street’s hottest products after a record-breaking quarter. If you thought toll roads were a dull business, then buckle up. The cast of characters includes one of Italy’s wealthiest dynasties, a Spanish tycoon who also happens to be president of Real Madrid football club and one of London’s most powerful hedge fund managers.
Talks between Atlantia and a team of investors led by Italian state lender CDP have entered a key moment, the country's transport minister said on Thursday, when the group holds a board meeting to review the new offer for its motorway unit. Last week CDP and its partners Macquarie and Blackstone filed a new proposal to buy Atlantia's 88% stake in Autostrade per l'Italia unit in a fresh effort to end a dispute triggered by the collapse of a bridge run by Autostrade. The revised offer is based on a valuation of 9.1 billion euros ($10.80 billion) for the whole of Autostrade and asks Atlantia to cover 870 million euros in potential legal risks, making concessions compared with the bid presented by the consortium in February.
Spanish construction group ACS has approached Italy’s Atlantia to buy the country’s largest motorway network for up to €10bn, offering to outbid a group led by Italy’s state-controlled investment fund, according to a letter obtained by the Financial Times. The approach is a fresh twist in a multiyear saga over the future of Autostrade per l’Italia (ASPI), Italy’s main toll road operator. Atlantia has been under pressure to relinquish control following the lethal collapse of the Morandi bridge in Genoa in 2018.