KKR still wants TIM, but reportedly drops price

KKR is apparently still interested in acquiring TIM, but has reportedly shaved around a fifth off its original offer price.
That may seem like an odd move, given that many inside the Italian incumbent oppose the proposed takeover in part because it undervalues the telco. But with the operator’s board being far from united on that front, and TIM’s share price having taken something of a spanking in recent weeks, you can see why the private equity firm is taking a punt; it’s inte