KKR Jan 2025 85.000 call
| Previous Close | 18.38 |
| Open | 18.38 |
| Bid | 20.50 |
| Ask | 21.20 |
| Strike | 85.00 |
| Expire Date | 2025-01-17 |
| Day's Range | 18.38 - 18.38 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.05k |
BloombergKKR to Buy Units From Australia’s Perpetual for $1.4 Billion
(Bloomberg) -- KKR & Co. will buy the wealth management and corporate trust units of Australian fund manager Perpetual Ltd. for A$2.175 billion ($1.43 billion), ending a months-long sale process. Most Read from BloombergTrump Judge Indefinitely Postpones Documents Case TrialIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortOne Out of Every 24 New York City Residents Is Now a MillionaireEinhorn Says Markets Are ‘Broken.’ Here’s What Data ShowsThe Sydney-based business has entered into a ca
- Reuters
UPDATE 3-KKR to buy Perpetual's corporate, wealth units for $1.4 bln; CEO Adams to retire
Perpetual said on Wednesday that buyout giant KKR & Co would acquire its wealth management and corporate trust businesses for A$2.18 billion ($1.43 billion), sending the Australian financial services firm's shares to a five-month low. Perpetual also announced the retirement of its CEO and managing director Rob Adams, bringing an end to a months-long strategic review of the company. The deal comes 16 months after Perpetual acquired smaller fund manager Pendal in a deal worth $1.6 billion and is now being demerged with KKR buying the corporate and wealth management units.
ReutersPerpetual to be broken up with name being sold to KKR in nearly $1 billion deal, AFR reports
The transaction will represent the biggest overhaul in the fund manager's 138-year-old history and will give KKR the Perpetual name, AFR reported, citing people who were familiar with the process. Negotiations around Perpetual's name had been a big part of the talks, the people said, according to the AFR report. In late April, Perpetual had confirmed it was in exclusive talks with the U.S.-based buyout firm over a sale of its corporate trust and wealth management business.
