World News: 06:42 GMT Wednesday 12th June 2019. [Yahoo Business News Feed via SPi World News]
Funds 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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