KKR's Telecom Italia Takeover Hit Roadblock Over Takeover Process: Reuters
The likelihood of U.S. fund KKR & Co Inc (NYSE:KKR) pushing ahead with a firm bid for Telecom Italia SpA (OTC:TIIAY) turned bleaker as they deadlocked over access to the company's books, Reuters reports. KKR refused to confirm a bid unless Telecom Italia provided access to its books under a due diligence process. KKR needed…
Benzinga ·
Benzinga
