Australia's Pepper accepts KKR credit unit's buyout offer
Australian mortgage lender and distressed debt servicer Pepper Group has accepted a buyout bid from KKR Credit Advisors (KCA).
According to a filing KCA will pay A$3.60 per share for Pepper, valuing the company at A$676 million ($532 million). The price represents a premium to the previous day’s closing price of A$3.46. Pepper’s...
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