August 1, 2019 / 10:51 AM / 24 days ago

KKR has 19.2% acceptances for Springer buyout, close to 20% goal

FRANKFURT, Aug 2 (Reuters) - KKR said its tender to buy out minority shareholders in Axel Springer had received 19.2% in acceptances, putting it close to the 20% it needs for the deal to succeed ahead of Friday's deadline.

The update was based on a cut-off time of 6 pm local time (1600 GMT) on Thursday. The offer runs until midnight on Friday. (Reporting by Douglas Busvine, editing by Riham Alkousaa)

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