A group of U.S. investors led by Cara Goldenberg have offered €93.6 million to acquire TowerCo SpA from Atlantia SpA (BIT:ATL), reported Reuters, citing source close to the matter. Atlantia said in an email, "Atlantia specifies that no agreement has been reached or signed with anyone," according to Reuters. Goldenberg could not immediately be reached for a comment.

Atlantia SpA reported unaudited consolidated earnings results for the first quarter of 2013. For the quarter, the company reported total revenue of EUR 925.3 million against EUR 856.9 million a year ago. Gross operating profit (EBITDA) was EUR 550.3 million against EUR 482.2 million a year ago. Operating profit (EBIT) was EUR 371.0 million against EUR 292.1 million a year ago. Profit before tax from continuing operations was EUR 207.9 million against EUR 162.3 million a year ago. Profit from continuing operations was EUR 124.9 million against EUR 120.4 million a year ago. Profit attributable to owners of the parent was EUR 111.3 million or EUR 0.17 diluted earnings per share against EUR 124.0 million or EUR 0.19 diluted earnings per share a year ago. Operating cash flow was EUR 346.3 million against EUR 275.0 million a year ago. Operating cash flow from continuing operations was EUR 345.4 million or EUR 0.53 per share against EUR 271.2 million or EUR 0.42 per share a year ago. Net cash generated from operating activities was EUR 139.0 million against EUR 172.5 million a year ago. Purchases of property, plant and equipment was EUR 5.5 million against EUR 10.2 million a year ago. Purchases of intangible assets was EUR 3.3 million against EUR 4.1 million a year ago.

Atlantia SpA announced unaudited consolidated and company earnings results for the full year of 2012. For the year, on consolidated basis, the company reported total revenue of EUR 4,034.4 million compared to EUR 3,902.1 million a year ago. EBITDA was EUR 2,397.6 million compared to EUR 2,355.0 million a year ago. Operating profit was EUR 1,643.6 million compared to EUR 1,748.9 million a year ago. Profit before tax from continuing operations was EUR 1,146.3 million compared to EUR 1,173.2 million a year ago. Profit from continuing operations was EUR 818.0 million compared to EUR 768.6 million a year ago. Profit attributable to owners of the parent company was EUR 808.1 million compared to EUR 898.5 million a year ago. Basic and diluted earnings per share attributable to the owners of the parent company were EUR 1.25 compared to EUR 1.39 a year ago. Operating cash flow was EUR 1,508.0 million compared to EUR 1,692.0 million a year ago. Operating cash flow per share was EUR 2.33 compared to EUR 2.61 a year ago. Net debt was EUR 10,064.1 million compared to EUR 8,970.2 million a year ago. Net cash generated from operating activities was EUR 1,117.3 million compared to EUR 1,877.8 million a year ago. Investment in motorway infrastructure was EUR 1,548.6 million compared to EUR 1,524.8 million a year ago. Purchases of property, plant and equipment were EUR 56.5 million compared to EUR 63.6 million a year ago. Purchases of intangible assets were EUR 25.2 million compared to EUR 30.2 million a year ago. For the year, the company reported total revenue of EUR 0.8 million compared to EUR 0.9 million a year ago. Operating income was EUR 0.8 million compared to EUR 0.9 million a year ago. LBITDA was EUR 9.0 million compared to EUR 10.2 million a year ago. Operating loss was EUR 9.4 million compared to EUR 10.6 million a year ago. Profit before tax from continuing operations was EUR 541.1 million compared to EUR 491.8 million a year ago. Profit from continuing operations was EUR 532.6 million compared to EUR 484.5 million a year ago. Profit for the year was EUR 532.6 million compared to EUR 484.5 million a year ago. Basic and diluted earnings per share were EUR 0.82 compared to EUR 0.75 a year ago. Net debt was EUR 556.6 million compared to EUR 478.6 million a year ago. Net cash generated from operating activities was EUR 565.8 million compared to EUR 543.5 million a year ago. Purchases of property, plant and equipment were EUR 0.7 million compared to EUR 0.2 million a year ago. The board to propose dividend of 0.746 per share, unchanged with respect to 2011, with final dividend of 0.391 per share, following interim dividend of 0.355 previously paid in November 2012. The dividend is to be paid from May 23, 2013, whilst the ex-dividend date is May 20, 2013.