Shares in Telecom Italia soar after KKR's approach - NewsBreak
By Vikash in Business
Updated 2 years ago
MILAN, Nov 22 (Reuters) - Shares in Telecom Italia (TIM) (TLIT.MI) rose as much as 30% on Monday, after U.S. fund KKR (KKR.N) presented a non-binding proposal to buy Italy's former phone monopoly valuing it at 10.8 billion euros ($12 billion). The size of the move triggered the suspension of...
