KKR-Led Consortium Raises DCC Takeover Bid to £6,797.22/Share
KKR sits 22% above its 52-week low of $82.67.
Summary
The KKR-ECP consortium has submitted an improved all-cash bid for DCC at 6,797.22 pence per share, up from the prior sweetened offer of £5.7 billion total reported on June 10. The new bid values DCC at $7.86 billion. The per-share price provides a concrete premium over the earlier bid and signals the consortium's determination to close the deal. This follows the initial approach in April and the first sweetened bid in June, marking a clear escalation in the takeover battle. Completion remains subject to DCC board recommendation and regulatory approvals.
At the time of this announcement, KKR was trading at $100.95 on NYSE in the Finance sector, with a market capitalization of approximately $90.6B. The 52-week trading range was $82.67 to $153.87. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.