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