KKR, Wendel Plan Another Legrand Stock Sale

Law360, New York (November 8, 2011, 6:39 PM EST) -- Private equity firms Kohlberg Kravis Roberts & Co. and the Wendel Group intend to sell about 9.2 percent of the share capital of French electrical equipment company Legrand SA after selling 15 percent earlier this year, the firms said Tuesday.

KKR will sell about 13 million shares and Wendel will offer up 11.3 million in a market offering to institutional investors, the private equity firms said in a statement. The combined 24.3 million shares represent about 9.2 percent of Legrand's shares as of Oct. 31, the firms said....
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