KKR considers raising bid for Australia's Perpetual - reports
Less than two months after Australian investment group Perpetual Ltd. branded the $1.73 billion takeover offer by Kohlberg Kravis Roberts & Co. (KKR) as too low, KKR is now reportedly considering raising its offer based on new data from Perpetual – yet only incrementally.
According to Reuters, which first broke the news, KKR's reassessment is based off of new financial data that favorably positions Perpetual in the future. Sources close to the story specifically cited that...
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