Edition:
United States

KKR & Co LP (KKR.N)

KKR.N on New York Stock Exchange

18.57USD
4:02pm EDT
Change (% chg)

$-0.07 (-0.38%)
Prev Close
$18.64
Open
$18.51
Day's High
$18.66
Day's Low
$18.49
Volume
702,694
Avg. Vol
693,672
52-wk High
$20.30
52-wk Low
$13.57

Latest Key Developments (Source: Significant Developments)

Valueact Capital Management reports 6.1 percent stake in KKR & Co LP
Monday, 21 Aug 2017 05:36pm EDT 

Aug 21 (Reuters) - KKR & Co LP :Valueact Capital Management LP reports 6.1 percent stake in KKR & Co LP as of August 10, 2017 - SEC filing‍​.Valueact Capital Management says it believes the securities of KKR & Co LP are undervalued‍​.‍valueact Capital Management​-Had & anticipate having further talks with directors of KKR management LLC, in connection with its investment in KKR & Co LP.  Full Article

Envision Healthcare to sell American Medical Response in a deal for ‍$2.4 bln
Tuesday, 8 Aug 2017 06:30am EDT 

Aug 8 (Reuters) - Envision Healthcare Corp :Envision Healthcare to sell American Medical Response.Envision Healthcare Corp - ‍transaction will be structured as a cash acquisition of AMR from Envision valued at $2.4 billion.​.Envision Healthcare Corp - deal for ‍$2.4 billion​.Envision Healthcare Corp - ‍ upon completion of transaction, combined company will adopt a new name​.Envision Healthcare Corp - Fred Buttrell will continue as president and chief executive officer of Air Medical division​.Envision Healthcare - after closing of deal, AMR and AMGH to continue to support operations from locations in Greenwood Village, CO, Lewisville, TX​.Envision Healthcare Corp - ‍edward Van Horne will continue as president and chief executive officer of AMR division​.Envision Healthcare - ‍michael Preissler, chief financial officer at AMGH, Thomas Cook, general counsel at AMGH, will serve in same roles for combined co​.Envision Healthcare Corp - Michael Preissler, CFO at AMGH, and Thomas Cook, general counsel at AMGH, will serve in same roles for combined company​.Envision Healthcare - ‍preferred equity financing for deal being provided by KKR primarily through North America Xi Fund, by Koch Equity Development LLC​.Envision Healthcare Corp - entered agreement under which Air Medical Group Holdings and American Medical Response will combine​.Envision Healthcare Corp - ‍co and an entity controlled by funds affiliated with KKR have entered into a definitive agreement​.  Full Article

Internet Brands commences tender offer for all outstanding shares of WebMD
Monday, 7 Aug 2017 08:00am EDT 

Aug 7 (Reuters) - Kkr & Co Lp :Internet Brands - Internet Brands, a KKR portfolio co, announces commencement of tender offer for all outstanding shares of WebMD at $66.50 per share​.Internet brands says tender offer will expire on September 7, 2017.  Full Article

Xella International announces acquisition of URSA from shareholders
Monday, 7 Aug 2017 06:19am EDT 

Aug 7 (Reuters) - Xella International GmbH::Announces acquisition of URSA from shareholders, including funds managed by KKR as majority owners; financial terms of deal not disclosed.  Full Article

PharMerica Corp enters to be acquired by KKR for $29.25 per share in cash
Wednesday, 2 Aug 2017 07:00am EDT 

Aug 2 (Reuters) - PharMerica Corp :PharMerica Corporation enters into definitive agreement to be acquired by KKR for $29.25 per share in cash.PharMerica corporation says acquisition agreement was unanimously approved by the board of directors of PharMerica .PharMerica Corporation says KKR is making the investment primarily through its Americas XII fund.PharMerica Corporation says Walgreens Boots Alliance intends to account for its minority ownership interest in PharMerica as an equity method investment.All-Cash transaction is valued at approximately $1.4 billion including the assumption or repayment of debt.PharMerica Corporation says in light of the agreement with KKR and Walgreens, PharMerica has cancelled its second quarter 2017 earnings conference call.PharMerica Corp - upon completion of the transaction, PharMerica will become a private company‍​.  Full Article

KKR, CVC Capital have begun working on joint offer for Akzo Nobel's specialty chemicals division - Bloomberg
Thursday, 27 Jul 2017 10:14am EDT 

July 27 (Reuters) - :KKR & Co and CVC Capital Partners have begun working on a joint offer for Akzo Nobel NV's specialty chemicals division - Bloomberg, citing sources.Advent International, Apollo Global also considering bids for Akzo Nobel NV's specialty chemicals division, which could be valued at more than 9 billion euros - Bloomberg.  Full Article

KKR & co LP reports second quarter 2017 results
Thursday, 27 Jul 2017 06:00am EDT 

July 27 (Reuters) - Kkr & Co Lp :KKR & Co LP Reports second quarter 2017 results.KKR & co LP qtrly earnings per share $0.81.KKR & co LP - aum was $148.5 billion as of June 30, 2017, an increase of $10.9 billion, compared to aum of $137.6 billion as of March 31, 2017.Q2 fees and other revenue $931.8 million compared to $576.8 million.KKR - as of june 30, 2017, assets under management and fee paying assets under management were $148 billion and $113 billion respectively, up 13% and 19% last year.Book value was $11.0 billion as of June 30, 2017 or $13.50 per outstanding adjusted unit.Q2 net income attributable to KKR & co LP common unitholders was $405.6 million.KKR & Co LP - fpaum was $112.6 billion as of june 30, 2017, an increase of $5.5 billion, compared to fpaum of $107.1 billion as of march 31, 2017.  Full Article

LS Group and KKR announce partnership agreement
Wednesday, 26 Jul 2017 10:03pm EDT 

July 26 (Reuters) - KKR & Co Lp :LS Group and KKR announce partnership agreement.Co will become joint partners with ls in ls automotive.Says will additionally acquire LS Group affiliate LS mtron's copper foil and flexible copper clad laminate business.KKR will make its proposed investment from its us$9.3 billion asian fund III.LS will maintain control of LSA JV owning 53% of lsa jv's voting shares and lsa jv will remain as an affiliate of LS Group.Will own 47% of LSA JV's voting shares.Investment implies a combined enterprise value of LSA and CF/FCCL business of approximately KRW 1.05 trillion.Will acquire full ownership of Lsm's CF/FCCL business segment.  Full Article

WebMD to be acquired by KKR's Internet Brands
Monday, 24 Jul 2017 07:00am EDT 

July 24 (Reuters) - WebMD Health Corp :WebMD to be acquired by kkr's Internet Brands.WebMD Health Corp - deal for ‍$66.50 per share​.WebMD Health Corp - transaction valued at approximately $2.8 billion..WebMD Health Corp - ‍equity financing for transaction is being provided primarily by KKR's private equity funds​.WebMD Health - unit of Internet Brands to commence tender offer in next 10 business days to acquire all outstanding shares of WebMD common stock​.Webmd Health Corp - ‍Webmd board of directors approved merger agreement​.Webmd Health Corp - ‍financing for transaction is fully committed​.  Full Article

KKR to acquire majority control of the Nature’s Bounty Co. from the Carlyle Group
Monday, 24 Jul 2017 07:00am EDT 

July 24 (Reuters) - Carlyle Group Lp :Carlyle Group Lp - ‍financial terms were not disclosed.​.Following transaction close KKR will be majority owner of Nature's Bounty while Carlyle will retain a significant stake in co.Equity capital for transaction comes primarily from KKR's Americas XII fund.  Full Article

BRIEF-Valueact Capital Management reports 6.1 percent stake in KKR & Co LP

* Valueact Capital Management LP reports 6.1 percent stake in KKR & Co LP as of August 10, 2017 - SEC filing‍​