TIM’s Board of Directors met to discuss a bid from Kohlberg Kravis Roberts & Co. L.P. (“KKR”) to acquire and privatize the company. The offer is for Euro 0.505 per ordinary and/or savings share, the equivalent of about US$12 billion for the group.
The offer is considered provisionary as the companies perform due diligence. A deal would require clearance by key stakeholders in the Italian government and possibly the Brazilian government, as well as by shareholders.
From TIM’s recent Q3 investor presentation:
https://www.gruppotim.it/it/investitori/informazioni-regolamentate.html
