Dec 24 (Reuters) - MYOB Group Ltd (MYO) said on Monday it would recommend U.S. private equity group KKR & Co's KKR.N buyout of the Australian accounting software maker.
Last week, KKR cut its A$1.8 billion buyout proposal for the Australian company. This came just seven weeks after KKR upped its indicative bid to access MYOB's financial records.
Under a scheme of arrangement, MYOB has agreed to "go shop" provisions with KKR, which allows MYOB to seek alternate superior proposals until Feb. 22, 2019.
Dec 24 (Reuters) - MYOB Group Ltd (MYO) said on Monday it would...
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