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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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November 19, 2014
10:12 EDTKKRPetSmart says will not take questions on strategic alternatives exploration
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06:03 EDTKKRSources: KKR, CD&R team up to take PetSmart private, Reuters reports
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November 12, 2014
05:55 EDTKKRKKR, CITIC Limited jointly invest in United Envirotech
CITIC Limited and KKR jointly announce the formation of a consortium through related entities, CITIC Environment Protection Co. Ltd. and KKR China Water Investment Holdings Limited respectively, to make a pre-conditional voluntary offer, or VGO, for all the shares in United Envirotech, or UEL. The transaction allows CITIC to become the controlling shareholder of UEL through the holding of a majority interest in the consortium. This will be achieved by the consortium through the VGO subject to conditions being met, to acquire existing shares in UEL from the existing shareholders including KKR. In addition, after the VGO, the consortium will subscribe for further shares in UEL by way of a private placement totalling SGD50M, SGD100M or SGD150M which will provide additional capital to UEL. The offer price values UEL at approximately SGD1.9B on fully diluted basis. The consortium intends to maintain the listing status of UEL post transaction.

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