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Stock Market & Financial Investment News

News Breaks
May 13, 2014
07:14 EDTKKRKKR shows interest in investing in Spanish lender, Bloomberg says
KKR's Spanish head Jesus Olmos said the company has shown interest in investing in a Spanish lender and could look to manage assets of the country's bank, according to Bloomberg, citing comments from Olmos. Olmos said, "We would very much like to share in the capital of a financial institution and we are following the process of the restructuring of all the banks in detail. KKR would like to be there if opportunities arise in a second wave of consolidation among former savings banks." Reference Link
News For KKR From The Last 14 Days
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September 25, 2015
16:43 EDTKKRKKR no longer holds stake in Smucker, lost right to designate board observer
On September 21, The J. M. Smucker Company (SJM) entered into an underwriting agreement, dated as of September 21, with Blue Holdings and Morgan Stanley with respect to a registered underwritten public offering of 8.28M shares of the company's common shares, to be sold by the selling shareholder. The common shares sold by the selling shareholder represent 100% of the ownership interests attributable to affiliates of Kohlberg Kravis Roberts (KKR). The secondary offering was completed on September 25. Upon completion of the secondary offering, KKR ceased to be the beneficial owner of any of the common shares and lost its right to designate a board observer.
September 22, 2015
17:56 EDTKKRKKR backs E&P team to launch Trans European Oil & Gas
KKR announced earlier that it will back Roland Wessel, Colin Judd and Melvyn Horgan, founders and former management team of Star Energy, to launch Trans European Oil & Gas Limited. "Trans European Oil & Gas intends to build a portfolio of conventional onshore oil and gas properties in proven hydrocarbon plays in Europe, and apply its extensive experience in enhanced oil recovery techniques to optimize production," said KKR. The investment in Trans European Oil & Gas will be made primarily by the KKR European Fund IV.
September 21, 2015
06:55 EDTKKRKKR, Hellman & Friedman eyeing Petco deal, NY Post reports
KKR (KKR) and Hellman & Friedman are "sniffing out" Petco for a potential acquisition, the New York Post reports. The firms made preliminary offers for the company last week and are viewed as the strongest bidders, the report says. Rival PetSmart (PETM) is also pursuing a deal, the report adds. Reference Link

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