KKR targets $1.56b privatization of Taiwan’s LCY Chemical
KKR is pursuing its first Taiwan privatization since 2011 – when the acquisition of Yageo Corp. was blocked, prompting questions about the government’s attitude towards PE buyouts – with a NT$47.8 billion ($1.56 billion) bid for LCY Chemical Corp.
A consortium led by the private equity firm has signed a share exchange agreement to acquire all outstanding shares in LCY for NT$56.00 apiece, including a dividend of NT$2.90 per share. The offer price...
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