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Access here alternative investment news about Myob Claims Key Shareholder Agrees With Kkr Buyout Offer - Reseller News
Private Equity

Myob Claims Key Shareholder Agrees With Kkr Buyout Offer - Reseller News

by reseller.co.nz posted 4months ago 45 views
Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more. MYOB has said that an activist investor will support KKR & Co’s bid for the accounting software maker, an about-turn after campaigning for a higher price and coming less than two weeks since raising its stake. The decision by Manikay Partners, the Australian firm's second-biggest shareholder, clears a significant hurdle for the marked-down $1.6 billion buyout offer, from which the U.S. private equity firm refused to budge.