Mr Cooper Group Inc (COOP): Merger Predictions: KKR not WMIH: I gu...

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Re: wildboarhog0 post# 452099

Thursday, 05/26/2016 10:11:57 AM

Thursday, May 26, 2016 10:11:57 AM

Merger Predictions: KKR not WMIH: I guess WMIH gets the boot and BOD are clueless again.....................

KKR Makes Billion DOLLAR ANNOUNCEMENT!!!!!!!!!!!!!! .

FRANKFURT, May 23 (Reuters) - French household equipment manufacturer Groupe SEB said on Monday it agreed to buy German peer WMF for 1.02 billion euros ($1.14 billion) from private equity firm KKR.

Including debt and pension liabilities, the deal is valued at 1.7 billion euros.

WMF, or Wuerttembergische Metallwarenfabrik, makes high-end coffee machines mainly for cafes and restaurants as well as cutlery, pots and pans for retail consumers.

KKR acquired a controlling stake in WMF in 2012 from private equity firm Capvis in a deal valuing the group at about 600 million euros.

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