Real Estate
KKR Sweetens Offer for UK’s Assura With £1.6 Billion Bid
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KKR & Co. raised its offer for Assura Plc by almost 3% after the UK health-care landlord rejected its previous takeover bid.
A group comprising KKR and Stonepeak Partners made an indicative, non-binding cash proposal of 49.4 pence a share, valuing the company at £1.61 billion ($2.08 billion). That represents a premium of about 32% to Assura’s closing price on Feb. 13, according to a filing Monday.