KKR makes non-binding $12 bln takeover proposal for Telecom Italia - NewsBreak

MILAN, Nov 21 (Reuters) - Telecom Italia (TIM) (TLIT.MI) said on Sunday its board had examined a non-binding proposal by U.S. fund KKR (KKR.N) aimed at taking Italy's biggest phone group private that valued it at 10.8 billion euros ($12 billion). KKR's proposal, which would offer a 45.7% premium versus...