Poste Italiane raises offer for Tim to avoid deal failure
Listen to the story
Poste Italiane wants to buy shares in Tim, a big phone company.
Poste made a money offer to Tim's shareholders. This is called a takeover offer.
Now Poste has made the offer better. It will pay 30 cents more for each share.
A share is a small part of a company. People can buy and sell shares.
Poste also removed a rule. Before, Poste needed at least 66.67% of shares to complete the deal.
This number is called a threshold. It is a minimum amount needed.
Poste removed this threshold. This makes it easier for the deal to work.
Poste made these changes to stop the offer from failing.
A failed offer is called a flop. Poste does not want a flop.
Poste wants more shareholders to say yes to the new offer.
The new offer has more cash, meaning more money paid directly.
Vocabulary6 words
- takeover offer
- when a company tries to buy another company
- share
- a small part of a company that people can own
- threshold
- the smallest amount you need
- failing
- not working; not successful
- flop
- something that fails badly
- cash
- real money, not other things
Quiz
Answer key
1. Poste Italiane 2. Raised it by 30 cents 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Poste Italiane wants to buy shares in Tim, a big phone _____.
Poste made a money offer to Tim's shareholders. This is called a takeover _____.
Now Poste has made the offer better. It will pay 30 _____ more for each share.
A share is a small part of a company. People can buy and sell _____.
Poste also removed a rule. Before, Poste needed at least 66.67% of shares to complete the _____.
This number is called a threshold. It is a minimum amount _____.
Poste removed this threshold. This makes it easier for the deal to _____.
Poste made these changes to stop the offer from _____.
A failed offer is called a flop. Poste does not want a _____.
The new offer has more cash, meaning more money paid _____.