KKR's credit unit offers $499m for Australia's Pepper
KKR Credit Advisors (KCA) has made a A$655 million ($499 million) offer for Australian mortgage lender and distressed debt servicer Pepper Group.
Pepper said in a filing that the firm had offered A$3.60 per share for the company, a slight premium to the July 4 closing price of A$3.55 (though below A$3.70, where the price had briefly spiked shortly...
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