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Stock Market & Financial Investment News

News Breaks
May 27, 2014
08:29 EDTKKRKKR proposes to acquire Goodpack Limited for about S$1.4B
The directors of Goodpack Limited announced the proposed acquisition of Goodpack by an affiliate of KKR by way of a scheme of arrangement in accordance with the Companies Act of Singapore and the Singapore Code on Take-overs and Mergers. Under the Share Scheme, all issued ordinary shares in Goodpack held by the shareholders of Goodpack as at a book closure date to be announced by the company will be transferred to IBC Capital, a company held by a fund affiliated with and advised by KKR. In consideration for the transfer, such Goodpack Shareholders will be entitled to receive S$2.50 per Goodpack Share in cash. With an outstanding issued share capital comprising 559,748,035 Goodpack Shares, excluding treasury shares, the consideration price values Goodpack at approximately S$1.399B. Upon the completion of the Share Scheme, Goodpack will become a wholly-owned subsidiary of IBC Capital, and will be delisted from the Official List of the Singapore Exchange Securities Trading Limited. IBC Capital has received irrevocable undertakings from David Lam, Executive Chairman of Goodpack, and a company majority-owned and controlled by Lam, representing, in aggregate, approximately 32% of total Goodpack Shares as at the date of the Announcement, to, inter alia, vote, or procure the voting of, all their Goodpack Shares in favour of the Share Scheme.
News For KKR From The Last 14 Days
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May 28, 2015
06:59 EDTKKRApollo, KKR expected to bid for GE unit, WSJ reports
Private equity firms including KKR (KKR) Apollo Global (APO) and Ares Management are among the private equity firms that are in the process of bidding for GE's (GE) business that funds LBOs, The Wall Street Journal reports, citing sources. The unit could fetch over $17B in a sale, the publication notes. Canada Pension Plan Investment Board and Guggenheim Securities also are expected to submit offers for the unit, and an agreement could be announced as early as next week, the sources say. Reference Link
May 26, 2015
09:12 EDTKKRKKR, Gulf Bay Group to acquire Pelican Bay property in Naples for $80M
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May 15, 2015
11:08 EDTKKROmega Advisors gives quarterly update on stakes
NEW STAKES: Targa Resources (TRGP), Targa Resources Partners (NGLS), Humana (HUM), Dow Chemical (DOW), and Twenty-First Century Fox (FOXA). INCREASED STAKES: Kinder Morgan (KMI), Chimera Investment Corporation (CIM), AerCap Holdings (AER), Shire (SHPG), and KKR & Co. (KKR). DECREASED STAKES: eBay (EBAY), Altisource Portfolio Solutions (ASPS), Caesars Entertainment (CZR), Navient (NAVI), and TerraForm Power (TERP). LIQUIDATED STAKES: HCA Holdings (HCA), Gilead (GILD), Cabot Oil & Gas (COG), and Apple (AAPL).
09:01 EDTKKRKKR forms JV with Monterra Energy
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