Investment firm KKR & Co LP said on Monday it would acquire KKR Financial Holdings LLC (KFN) in an all-stock deal that would value the specialty finance company it launched more than nine years ago at $2.6 billion. KKR offered to pay KFN shareholders with 0.51 KKR shares for each of their KFN shares, equivalent to a 35 percent premium based on Monday's closing prices. The deal is subject to a vote by KFN shareholders.
KKR Financial Holdings LLC is a specialty finance company focused on a range of asset classes. Shares of KFN fell by 0.84% or $-0.08/share to $9.45. In the past year, the shares have traded as low as $8.91 and as high as $11.93. On average, 1067570 shares of KFN exchange hands on a given day and today's volume is recorded at 1411297.
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