DCC plc has rejected a takeover proposal from a consortium comprising KKR and Energy Capital Partners, after the group tabled a cash offer valuing the company at approximately £4.95bn ($6.66bn)m according to a report by Reuters.
The bid, pitched at 5,800 pence per share, was formally dismissed by the London-listed energy distributor, which said the proposal significantly undervalues the business.
DCC plc operates across energy distribution and related services and has been streamlining its portf...
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