Private equity firms KKR and Energy Capital Partners are considering raising their offer for Irish energy distributor DCC after the company rejected an earlier takeover proposal, according to a Bloomberg News report citing unnamed people familiar with the matter.
The consortium’s initial approach, valued at approximately £4.95bn, was rejected by DCC in April, with the company arguing that the proposal undervalued the business. The bid was priced at 58 pounds per share.
Bloomberg reported that th...
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