What's moving markets today: Live updates - CNN

US private equity giant KKR wants to take the German owner of Business Insider private in a deal that values the publisher at nearly $8 billion.

KKR (KKR) on Wednesday offered investors in Axel Springer €63 ($71.40) per share in a deal that has support from the company's largest shareholder, Friede Springer, and CEO Mathias Doepfner.

The price is a 12.5% premium over Tuesday's close and an increase of nearly 40% from late May, when talks between the companies were first reported.

Axel Springer owns a range of publications including top German tabloid newspaper Bild. It also operates a 50-50 joint venture that publishes the European edition of Politico and owns Business Insider.

Let's block ads! (Why?)

https://www.cnn.com/business/live-news/stock-market-news-today-061219/index.html

2019-06-12 11:32:00Z
CBMiUGh0dHBzOi8vd3d3LmNubi5jb20vYnVzaW5lc3MvbGl2ZS1uZXdzL3N0b2NrLW1hcmtldC1uZXdzLXRvZGF5LTA2MTIxOS9pbmRleC5odG1s0gFUaHR0cHM6Ly9hbXAuY25uLmNvbS9jbm4vYnVzaW5lc3MvbGl2ZS1uZXdzL3N0b2NrLW1hcmtldC1uZXdzLXRvZGF5LTA2MTIxOS9pbmRleC5odG1s

Bagikan Berita Ini