Kkr’s offer on Tim is € 0.505 per share and the price is not in question but, at the request of Consob and after the press rumors, the American fund clarifies that there is no rush to start the due diligence and will wait the decisions of the board of directors. KKR “expects to be able to make a decision on the Offer following the completion of a due diligence confirming its analyzes which should not exceed 4 weeks from the time full access to the relevant documentation will be granted. KKR does not has set a deadline for access to the due diligence and is awaiting the decisions of the Board of Directors of TIM on the matter “specifies a note in which it hopes to” be able to discuss as soon as possible with the Board of Directors regarding the Offer and the related process “.
Source From: Ansa
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