Retail Industry
Industry: Email Alert RSS FeedSAY KKR WORKING ON FOOT LOCKER DEAL.(Kravis, Kohlberg & Roberts )(Brief article)
Daily News Record, November, 2006 by Lloyd, Brenda
Byline: BRENDA LLOYD
ATLANTA - Foot Locker has become a topic of takeover speculation again.
An investment banking source said last week that Kravis, Kohlberg & Roberts (KKR) has signed an exclusive arrangement with Foot Locker that would give KKR the inside track to acquire the athletic footwear and apparel retailer.
KKR declined comment, and Foot Locker could not be reached.
Foot Locker has been the subject of takeover speculation since mid-March, and the company said in August that it had hired Evercore Partners Inc., an advisory and investment firm, to consult for it on a range of matters.
Other private equity firms said to be interested in acquiring Foot Locker include Apollo Management and Thomas H. Lee Partners....
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