KKR Buyout Offer Sends Telecom Italia Shares Surging 22% - NewsBreak

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By Bryan in Business
Updated 2 years ago

The non-binding proposal values the former phone monopoly at 0.505 euros per share in cash. This indicates a 45.7% premium on Friday's closing share price, and rises to more than 33 billion euros including debt. Telecom Italia shares jumped more than 22% on Monday morning after U.S. private equity...