Italy's Colaninno close to Piaggio deal -source

Newswire

By Stefano Rebaudo MILAN, June 20 (Reuters) - Italian financier Roberto Colaninno is close to reaching a deal to take a controlling stake in Piaggio, the maker of the Vespa scooter, sources close to the talks said on Friday. Colaninno, a takeover specialist, last week extended exclusive talks over a possible acquisition of Piaggio with its owners until June 27. The move raised speculation that the deal, which he had originally planned to close by the end of June, might fall through. ...

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