Private equity giant KKR & Co. will buy S&P Global’s engineering solutions business for $975 million, the financial services provider said on Tuesday. The move comes months after S&P Global said it would sell the unit, which serves more than 6,000 customers in the aerospace, defense, energy and architecture industries, among others. “The divestiture of…
KKR’s Bid for Telecom Italia Deadlocked Over Due Diligence
MILAN—The chances of the U.S. fund KKR pushing ahead with a firm bid for Telecom Italia (TIM) faded, with the two sides deadlocked on Tuesday over access to the company’s books. KKR has told TIM it cannot confirm its 10.8 billion euro ($11.9 billion) bid unless Italy’s biggest telecoms group provides access to its data…
KKR Says No Set Deadline to Start Due Diligence on TIM’s Bid
MILAN—U.S. fund KKR said on Monday it expected to be able to take a decision on its takeover approach for Telecom Italia (TIM) only after a due diligence process but it had set no deadline to start its analysis. Asked by market regulator Consob to clarify whether it would still proceed with the offer if…
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