Reuters reports, “Italy’s Atlantia (ATL.MI) launched a 16.34 billion euro ($18 billion) cash-and-share offer for Spain’s Abertis (ABE.MC) [this morning, May 15] in a bid to create the world’s biggest operator of toll roads, with 14,095 km [approximately 8,760 miles] under its management.”
Financial Times has an extensive report on the proposed deal and its reception.