KKR & Co (KKR)

[3ch0]

Hitachi is on hold.
"planned transaction which could be disadvantageous to minority shareholders of Hitachi Kokusai." -Third party Committee.
"The tender offer was due to start as early as Thursday."
"KKR said the third-party committee "finds it difficult at the current time to maintain its opinion that the legitimacy and propriety of the tender offer price and share repurchase price are ensured..."

KKR said that it would continue discussions with Hitachi Kokusai, Hitachi and Japan Industrial Partners on its plans regarding the tender offer, whether to go ahead with it and its possible timing.