Telecom Italia Explores KKR's $11B Takeover Offer, Possible Tie-Up With Open Fiber: Reuters
Telecom Italia Explores KKR's $11B Takeover Offer, Possible Tie-Up With Open Fiber: Reuters
意大利电信探索KKR 110亿美元的收购要约,可能与Open Fibre结盟:路透社
- Telecom Italia SpA (OTC:TIAIY) (OTC:TIIAY) looked to discuss KKR & Co Inc's (NYSE:KKR) €10.8 billion ($11.8 billion) four-month-old takeover offer, Reuters reports.
- KKR's bid of €0.505 per share is a 75% premium to TIM's March 11 closing, against a 46% premium four months back, which CEO Pietro Labriola deemed as too low last time.
- KKR paid €1.8 billion to TIM in 2021 for a 37.5% stake in its secondary network.
- KKR wanted to secure control of the debt-laden former phone monopoly, delist it and relaunch it by carving out its network infrastructure assets.
- Rome became the second-biggest investor in TIM through state lender CDP, which owned 60% of Open Fiber, to oversee TIM's fixed-line assets.
- TIM also explored a possible tie-up with state-backed broadband rival Open Fiber including relinquishing a majority of its prized fixed landline assets.
- A merger with Open Fiber could provide TIM's investors with an upside of €1 per share.
- Price Action: KKR shares closed lower by 2.17% at $52.29 on Friday.
- 意大利电信温泉(场外交易:TIAIY)(场外交易:TIIAY)寻求讨论KKR&Co Inc.据路透社报道,(纽约证券交易所股票代码:KKR)为期四个月的108亿欧元(118亿美元)收购要约。
- KKR的出价为每股0.505欧元,比蒂姆3月11日的收盘价溢价75%,而四个月前的收盘价溢价46%,首席执行官皮埃特罗·拉夫里奥拉认为上次溢价太低。
- KKR在2021年向Tim支付了18亿欧元,获得了其二级网络37.5%的股份。
- KKR希望确保对这家负债累累的前手机垄断企业的控制权,将其退市,并通过剥离其网络基础设施资产来重新推出该公司。
- 罗马通过国有贷款机构CDP成为TIM的第二大投资者,CDP拥有Open Fibre 60%的股份,以监管TIM的固话资产。
- Tim还探索了与国家支持的宽带竞争对手Open Fibre的可能合作,包括放弃其宝贵的固定固定电话资产的大部分。
- 与Open Fibre的合并可以为Tim的投资者提供每股1欧元的上行收益。
- 价格行动:KKR股价周五收低2.17%,报52.29美元。
译文内容由第三方软件翻译。
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