Atlantia Secures Funding to Increase Abertis Bid -Reuters
--Atlantia has secured funding to raise its bid for Spain's Abertis but it could take up to a month before an improved offer is made, Reuters reports, citing anonymous sources.
--The Italian highway operator told U.S. investors it was prepared to make a cash-only bid rather than the cash-and-shares mix it originally submitted, according to Reuters.
--Atlantia expects Spain's market regulator to approve a rival bid from Hochtief by Feb. 12 but no decision has been taken about the timing or the price of a new bid, Reuters says.
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February 09, 2018 03:27 ET (08:27 GMT)Copyright (c) 2018 Dow Jones & Company, Inc.