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Private Equity

Private Equity Giant Kkr Lowers Bid For Myob

by brisbanetimes.com.au posted 4months ago 62 views
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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