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Why is Trevi Finanziaria stock surging today?

Trevi Finanziaria Industriale SpA's stock price rose 8.3% after Webuild S.p.A. made a takeover offer. Webuild offered €4.50 per share, which is higher than Trevi's previous price. This offer is a competing bid to a previous takeover attempt.

Jul 30, 09:23upd. 20m
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