Poste Italiane Unveils $12.50 Billion Offer for Telecom Italia

Telecom Italia shareholders to receive 16.7 euro cents in cash and 0.0218 newly issued Poste Italiane shares for each share held State-controlled postal service Poste ItalianePST-0.09%decrease; red down pointing triangle has made a $12.50 billion offer to acquire Telecom Italia TIT -2.17%decrease; …