More on the pair of private equity firms preparing a $15bn bid for Dutch firm KPN

KPN is a Dutch telecommunications and information technology services firm

Earlier breaking headline is here:

• Private equity firms teaming up on a USD15bn bid for KPN

Here now is the link to the Wall Street Journal story on the bid being prepared. Main points:

• New York-based Stonepeak Infrastructure Partners and Sweden's EQT
• bid could be valued at more than €3 a share ... KPN shares closed Wednesday at €2.88 in European trading
• funds are preparing to conduct due diligence
• goal of submitting a formal bid this spring
• There are no guarantees that the parties will follow through, and if they do, that they will reach an agreement. Adding a layer of complication, the Dutch government would need to sign off on any deal.