Labriola and Tim Managers Accept Poste Italiane’s Offer

Tim chief executive Pietro Labriola and the company’s managers with strategic responsibilities have tendered the shares they hold into Poste Italiane’s public exchange offer for Tim.

The company said in a statement that the board had already considered the offer financially fair. It also assessed its strategic rationale and industrial prospects positively, as Tim had communicated to the market on July 18.

The participation of top management concluded last week. Details of the individual transactions will be made public through internal-dealing disclosures.