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KKR's offer for Axel Springer crosses minimum acceptance threshold

Aug 06, 2019 - SNL Financial
Mergers and Acquisitions

KKR & Co. Inc. is close to completing its buyout of minorities in German media and technology company Axel Springer SE after exceeding the minimum offer acceptance threshold of 20%.

Axel Springer shareholders who did not tender by the Aug. 2 deadline can still accept the offer during the mandatory additional acceptance period, which will run for 14 days and begin after the offer results are announced.

The offer's results are expected to be published Aug. 7, the companies said.