|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||10.20 - 10.20|
|52-week range||9.25 - 10.46|
|Beta (5Y monthly)||1.39|
|PE ratio (TTM)||25.89|
|Forward dividend & yield||0.24 (2.34%)|
|Ex-dividend date||24 May 2021|
|1y target est||N/A|
(Bloomberg) -- Private equity giants KKR & Co. and CVC Capital Partners are considering teaming up on a bid for Telecom Italia SpA, a move that would help share the financial burden for Europe’s biggest-ever leveraged buyout, people with knowledge of the matter said. Most Read from BloombergChina Cash Flowed Through Congo Bank to Former President’s CroniesReliving the New York Subway Map Debate‘Pension Poachers’ Are Targeting America’s Elderly VeteransThe two investment firms have held explorato
In the event of over 90% shareholder acceptance, Castor Bidco said it would pay 10.50 euros for each Cerved share. Dublin-based ION, led by Italian businessman Andrea Pignataro, in March announced a 1.86 billion euro takeover offer for Cerved.
Fintech group ION's vehicle Castor Bidco said on Friday it had raised by 7% to nearly 2 billion euros ($2.35 billion) its bid to buy out investors in Italy's Cerved as it seeks to take control of the credit data and information group. Dublin-based ION, led by Italian businessman Andrea Pignataro, in March announced an 1.86 billion euro takeover offer for Milan-based Cerved, compared with the new offer of 1.99 billion euros. Only days before the initial offer, ION had bought Italian banking software provider Cedacri and bankers say a combination of the two groups would make industrial sense, although ION has said it supports Cerved's current growth plans.