KKR & Co. Inc.

NYSE:KKR   10:31:27 AM EDT
63.83
+0.02 (+0.03%)
Mergers / Acquisitions

Spark Infrastructure Group Receives Conditional And Non-Binding Indicative Proposal

Published: 07/15/2021 01:34 GMT
KKR & Co. Inc. (KKR) - Receives Conditional and Non-binding Indicative Proposal.
Got a Conditional and Non-binding Indicative Proposal From Ontario Teachers' Pension Plan Board & Kkr.
Cash Consideration of A$2.70 per Stapled Security.
Board of Spark Infrastructure, Unanimously Concluded That Price Undervalued Spark Infrastructure.
Consortium Revised Proposal on Same Basis As Initial Proposal, for All Cash Consideration of A$2.80 per Stapled Security.
Revised Proposal is Subject to a Number of Pre-conditions.
Offer Price Not at Level at Which Co Prepared to Grant Access to Due Diligence.
For Revised Proposal, Board Prepared to Provide Limited Info on Business/prospects.
Engagement After Revised Proposal Has Not Yet Occurred & Conditional on Signing of Confidentiality Agreement.