Trevi says Webuild’s revised €5.165 offer is within its valuation range

Webuild has raised its offer to buy Trevi shares to €5.165 each.

Trevi’s board says that price is within the range it considers reasonable, but near the bottom.

Webuild now owns about 27.86% of Trevi.

The board’s response is more open than its earlier rejection, but it does not mean the offer is complete.