Private Equity
Private equity giant KKR has lowered its bid for accounting software platform MYOB to $3.40 a share. : Private equity giant KKR has lowered its bid for MYOB to $3.40 a share in a revised offer, which values the accounting software platform at $2 billion. KKR made an unsolicited offer for MYOB on 8 October, pitched at $3.70 a share. It proposed the takeover after snapping up a 17.6 per cent stake from investment firm Bain Capital, which took its holding to 19.9 per cent.

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