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Private Equity

Prospective Myob Buyer Drops Offer Price

by zdnet.com posted 10months ago 31 views
KKR & Co has gone in AU$0.40 per share cheaper than its initial offer. : Private equity firm KKR & Co in October made Australian accounting software firm MYOB an offer to scoop it up for AU$3.70 per share, which would see the former spend around AU$1.75 billion to acquire the remaining securities it doesn't already own. However, on Thursday, MYOB went public with yet another revised offer from KKR, in which the firm dropped its offer by AU$0.37 per share to AU$3.40.

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