Why did Atlantia shares rise more than 5% Thursday?

Please try again later. MILAN (Reuters) -Shares in Atlantia rose more than 5% on Thursday after Italy's Benetton family and U.S. investment fund Blackstone tabled their offer to buy out investors in the airport and motorway operator and take it private.

Will Blackstone buy Atlantia?

REUTERS/Guglielmo Mangiapane Acquire Licensing Rights MILAN, April 14 (Reuters) - Italy's Benetton family and U.S. investment fund Blackstone (BX.N) have proposed a 58 billion euro ($63 billion) buyout offer for Atlantia (ATL.MI), to take it private and stave off rival interest for the airport and motorway operator.

What percentage of Atlantia is owned by Edizione?

Edizione already controls 33.1% of Atlantia. Schema Alfa's 58 billion euro ($58 billion) bid to take private the infrastructure group ends on Friday. The vehicle needs to achieve a threshold of 90% for the offer to be valid. ($1 = 1.0049 euros)

Will Atlantia share price be a counterbid?

Shares in Atlantia, which have gained almost a fifth over the past 10 days, rose 4.4% to 22.85 euros each on Thursday. Analysts said the bid's price appeared adequate and, with shares aligned to it, deemed a counterbid unlikely for the moment. read more