Kohlberg Kravis Roberts & Co LP and Yageo Corp founder and Chairman Pierre T.M. Chen today launched a public offering for the outstanding common shares of Yageo, valuing the company at $1.6 billion, the firms said on Wednesday. KKR and Chen plan to acquire the outstanding common shares of Yageo at NT$16.10 each, about 14 percent over the last closing price for Yageo on the Taiwan stock exchange, through their investment vehicle Orion Investment Co Ltd, the companies said. (Reporting by Stephen Aldred; Editing by Chris Lewis)
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