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Access here alternative investment news about Myob (asx: Myo) Announces $1.75B Buyout Offer From Kkr
Private Equity

Myob (asx: Myo) Announces $1.75B Buyout Offer From Kkr

by posted 1year ago 46 views
Private equity firm is making a push to acquire MYOB. : MYOB Group said private equity firm KKR & Co proposed to buy shares it does not already own in the cloud services provider for about $1.75 billion after bagging a 17.6 per cent stake in MYOB from Bain. KKR paid about $327.4 million, or $3.15 per share, for the stake from Bain to build up its hold in MYOB to 19.9 per cent. It's buyout offer is $3.70 cash per share. MYOB shares gained close to 20 per cent on Monday's news, to sit at $3.57 at 10:30am.

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