KKR offers 63 euros per share to buy out Axel Springer minorities

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KKR offers 63 euros per share to buy out Axel Springer minoritiesFunds controlled by U.S. private equity investor KKR on Wednesday offered 63 euros a share to buy out minority shareholders in Axel Springer in a deal agreed with the German publisher's main shareholders. The takeover offer, at a 40% premium, will be subject to reaching a minimum acceptance threshold of 20% of Springer's share capital, the bid vehicle acting on behalf of KKR said in a statement. The offer is being launched in concert with the company's main shareholders, founder Axel Springer's widow Friede and CEO Mathias Doepfner, who want to take the company private so that they can invest in long-term growth.

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