July 26, 2019 / 1:35 PM / a month ago

KKR has 6.7% acceptances for Axel Springer buyout offer

FRANKFURT, July 26 (Reuters) - U.S. private equity investor KKR said on Friday its tender to buy out minority shareholders in Axel Springer had received acceptances on behalf of 6.7% of the shares in the German publisher.

The offer to buy out minorities, made in concert with Springer’s main shareholders, is subject to a 20% threshold and runs until Aug. 2. (Reporting by Douglas Busvine Editing by Edward Taylor)

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