KKR In Talks To Buy Australia's Pacific Brands

Law360, New York (January 10, 2012, 7:24 PM EST) -- Private equity firm Kohlberg Kravis Roberts & Co. LP has made an unsolicited offer to purchase Australian clothing company Pacific Brands Ltd., the company announced Tuesday.

Pacific Brands did not provide financial details of the offer, and while media outlets such as the Australian Financial Review reported that the deal could be worth AU$600 million ($614 million), a company spokesman said Tuesday that the estimate is “misguided.”

“There is no certainty that these discussions will lead to any agreement being reached between the parties,” Pacific Brands...
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