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KKR May Bid on Telecom Italia Without Due Diligence, Stampa Says

The board of Telecom Italia SpA could next week reject a request by KKR & Co. for a due diligence operation on the company prior to formalizing an offer to buy it, La Stampa reported on Saturday.

Some board members may argue that the procedure isn’t necessary, since the carrier is already under strict regulatory oversight, the newspaper said. U.S.-based KKR could opt to pursue its offer even without due diligence, La Stampa said, allowing the market to decide on the bid.