KKR buyout offer sends Telecom Italia shares surging 22%

Mark Hill | Bloomberg | Getty Images Telecom Italia shares jumped more than 22% Monday morning after US private equity giant KKR launched a 10.8 billion euro ($12 billion) takeover bid for Italy’s largest telephone company. The non-binding proposal estimates the former telephone monopoly at €0.505 per share in cash, indicating a premium of 45.7% … Read more

KKR makes a non-binding $12 billion takeover bid for Telecom Italia

The KKR logo is displayed on the floor of the New York Stock Exchange (NYSE), August 23, 2018. Brendan McDermid | Reuters Telecom Italia (TIM) said on Sunday that its board of directors considered a non-binding proposal made by the US fund KKR aimed at making Italy’s largest phone group private, valued at 10.8 billion … Read more