Retail Industry
Industry: Email Alert RSS FeedKKR makes $44-a-share offer for Stop & Shop. (Kohlberg Kravis Roberts and Co.)
Daily News Record, March, 1988
KKR Makes $44-a-Share Offer for Stop & Shop
NEW YORK (FNS)--Topping a hostile takeover offer by about $200 million, Kohlberg Kravis Roberts & Co. has come up with a $44-a-share cash tender offer for Stop & Shop Cos.
The KKR offer, announced Monday, will leave Stop & Shop management in place and provide an opportunity for senior management to buy equity in the takeover vehicle. KKR is a leveraged buyout specialist based in New York.
The Boston-based discount and supermarket chain has been under siege by the Dart Group, which on Feb. 1 launched a $31-a-share cash tender offer for all outstanding shares of Stop & Shop. The Dart Group, based in Landover, Md., later increased the offer to $37 a share, but that offer was rejected by Stop &...
Most Recent Reference Articles
- ARAB EUROPEAN RELATIONS - Dec 22 - Russia Denies Selling Missile System To Iran
- EGYPT - Dec 29 - Opposition Says Mubarak Blessed Israeli Attacks
- ARAB AFFAIRS - Dec 22 - Syria Will Eventually Move To Direct Talks With Israel
- ARAB AFFAIRS - Dec 30 - GCC Denounces Massacre
- ARAB ISRAELI RELATIONS - Israel Issues An Appeal To Palestinians In Gaza
Most Recent Reference Publications
Most Popular Reference Articles
- Credit card debt on college campuses: causes, consequences, and solutions
- The Greek chorus, Jimmy the Greek got it wrong but so did his critics - Jimmy Snyder and his views on pro sports and race
- 9 questions to ask your new lover: what you were afraid to ask, but always wanted to know
- How Tyler Perry rose from homelessness to a $5 million mansion
- Living by the word
Presented by American Express