KKR Boosts Offer For Aussie Biz Software Co. MYOB To $1.3B

Law360 (November 2, 2018, 5:15 PM EDT) -- KKR & Co. LP on Friday offered AU$1.78 billion ($1.28 billion) to take over Australian business management software firm MYOB, sweetening an original offer launched in early October to take the company private.

KKR, which already owns approximately 20 percent of MYOB, offered AU$3.77 for the remainder of the company's shares, up from an initial bid of AU$3.70 per share. The increased offer by KKR values MYOB at AU$ 2.2 billion.

MYOB noted Friday that it had agreed to share certain information with KKR — subject to a confidentiality agreement — in order for the private equity firm to perform due...

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