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GgoogleIT first seen 2 d ago, last 2 d ago, peak #5

TIM: Equita downgrades to Hold after takeover offer closes

Original: telecom italia

Italian brokerage Equita has cut its rating on Telecom Italia (TIM) to Hold following the completion of the OPAS, the takeover offer for the company's shares. The move reflects the view that the share price now fairly reflects the offer outcome, ending a period in which investors positioned around the bid.

Why now: The closing of the OPAS takeover offer and resulting rating change are the latest developments in the closely watched Telecom Italia saga.

TIMTelecom ItaliaEquita

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