|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||12.73 - 13.02|
|52 Week Range||12.38 - 42.70|
|Beta (5Y Monthly)||0.94|
|PE Ratio (TTM)||10.68|
|Forward Dividend & Yield||0.72 (5.61%)|
|Ex-Dividend Date||Oct 29, 2021|
|1y Target Est||46.00|
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MILAN (Reuters) -Telecom Italia (TIM) is looking to draw up a list of candidates on Friday to advise it on a takeover approach from U.S. group KKR as banks jockey for position in Europe's biggest ever private equity deal. But divisions within Italy's biggest phone group are making it difficult for the company to respond to KKR's non-binding bid approach valued at 33 billion euros ($37.40 billion) when debt is factored in. Tensions are still running high after a shareholder row a week ago forced Luigi Gubitosi to step down as CEO following a clash with the group's top investor Vivendi and independent board members.
Italy's telecommunications unions are preparing to call a strike at Telecom Italia (TIM) amid uncertainty over the future of the group caught between its latest boardroom crisis and a proposed takeover by U.S. fund KKR . KKR made a 10.8 billion euro ($12.2 billion) offer for TIM last month, just before a boardroom row forced group CEO Luigi Gubitosi to step down following a clash with top investor Vivendi after two profit warnings since July. Last week, TIM placed oversight of the group's strategic assets in the hands of Chairman Salvatore Rossi, setting up a special committee to study the KKR bid.
Italy's Democratic Party (PD) has pledged to actively involve the coalition government in deciding the future of Telecom Italia (TIM) after the country's biggest phone company lost its fourth chief executive in six years, unions said on Monday. Luigi Gubitosi stepped down as CEO of the former state monopoly on Friday following a clash https://reut.rs/3xz4D9N with its biggest investor, Vivendi, a week after U.S. fund KKR submitted a $12 billion proposal to take TIM private.