Frankfurt — US private equity investor KKR on Wednesday offered a 40% premium to buy out minority investors in Axel Springer in a deal that entrenches the influence of the main shareholders at the publishers of Germany’s Bild newspaper.
The buyout offer of €63 per share puts an equity value of €6.8bn on the business. It will be subject to acceptances for 20% of Springer’s share capital, a threshold one analyst said was within reach...
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