After completing due diligence and finalizing debt funding commitments, KKR revised its offer to $3.40 Australian per share from the original $3.77 Australian per share. The KKR offer is for MYOB shares it does not already own. In October, KKR purchased the 17 percent of the software company's shares for about $223.4 million from Bain, which owned MYOB and took it public again in 2015.
MYOB REJECTS LOWER KKR BID Featured
MYOB will not accept a takeover bid from KKR after the venture company lowered its offering price. MYOB said this week it remains in discussions despite fact that “The Board has informed KKR that it is not in a position to recommend the Revised Proposal”.
