Telecom Italia Board Said to View Poste's €10.8 Billion Offer as Fair

Telecom Italia SpA’s board is leaning toward backing Poste Italiane SpA’s €10.8 billion ($12.4 billion) takeover offer as fair and is unlikely to press for a higher bid, according to people familiar with the matter, Bloomberg reported. The assessment could clear a key hurdle in Poste Italiane’s pursuit of Telecom Italia, though no final decision has been announced.