PEP 0.00% $3.69 pepper residential securities trust no. 39

Sept 25 (Reuters) - Australian non-bank lender Pepper Group...

  1. 190,166 Posts.
    lightbulb Created with Sketch. 2787

    Sept 25 (Reuters) - Australian non-bank lender Pepper Group (PEP) said on Monday U.S. private equity giant KKR had offered to pay a special dividend of 10 cents on top of its previous A$3.60 per share takeover offer.

    Pepper recommends its shareholders to vote in favor of the amended offer from Red Hot Australia Bidco Pty Ltd, owned by KKR Credit Advisors (US) LLC, in the absence of a superior proposal.

    KKR Credit indicated that the amended proposal is the company's final offer, Pepper said in a statement.

 
watchlist Created with Sketch. Add PEP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.