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IN BRIEF: ContourGlobal shareholders vote to approve takeover by KKR

Wed, 06th Jul 2022 20:12

ContourGlobal PLC - London-based power generation firm - Shareholders vote in favour of takeover by Kohlberg Kravis Roberts at general meeting. In May, ContourGlobal PLC had said it has agreed to a GBP1.75 billion takeover offer from US private equity firm Kohlberg Kravis Roberts & Co LP. Cretaceous Bidco Ltd, a newly formed company wholly-owned by New York-based KKR, is offering 263.6 pence in cash per ContourGlobal share.

Current stock price: 252.00 pence

12-month change: 27%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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