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MILAN (Reuters) -Investors in Telecom Italia on Monday cheered a proposal by U.S. fund KKR to buy Italy's debt-laden former phone monopoly for 33 billion euros ($37 billion) in what would be Europe's biggest ever private equity buyout.
MILAN (Reuters) - Shares in Telecom Italia were indicated up 30% on Monday, after U.S. fund KKR presented a non-binding proposal to buy Italy's former phone monopolist valuing it at 10.8 billion euros ($12 billion).
TELECOM ITALIA-M&A/KKR (UPDATE 3, PIX):UPDATE 3-KKR approach boosts Telecom Italia shares