The board of Assura (ARSSF) has rejected a $2B takeover offer by funds managed by KKR (KKR), Jack Sidders of Bloomberg reports. The 47 pence a share offer represent an approximately 28% premium to the company’s closing share price on February 13 before the bid became public. This is the fourth offer KKR has made in the past six months and the company is now debating on if there is any merit to continue trying to engage with Assura’s board.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KKR:
- KKR acquires stake in Employment Hero from SEEK Investments
- Bain Capital withdraws from battle with KKR for Fuji Soft
- Private Equity Giant KKR Fails to Win the Heart of U.K Property Group Assura in $2 Billion Bid
- KKR Beats Bain Capital in Bidding War for Fuji Soft
- KKR mulling Nissan investment following failed Honda talks, Bloomberg reports