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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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January 28, 2015
07:56 EDTKKRKKR to lead $35M growth equity investment in ClickTale
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January 22, 2015
07:26 EDTKKRKKR issues some refunds after SEC findings, WSJ says
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05:36 EDTKKRKKR acquires Trainline, details not disclosed
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January 20, 2015
11:52 EDTKKRKKR seeks $3B for distressed fund targeting oil companies, Asia, Bloomberg says
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