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Software & SaaS Engineering & Manufacturing Dcc

DCC receives indicative cash proposal from Energy Capital Partners and KKR

DCC has been approached with an indicative all-cash proposal from a consortium led by Energy Capital Partners and KKR, triggering a regulatory deadline for a firm bid by 10 June.

by tickstock newsroom
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DCC (LSE:DCC) has announced it has received an indicative cash proposal from Energy Capital Partners, and Kohlberg Kravis Roberts & Co. L.P., though the board emphasised the Proposal does not amount to a firm offer.

The board said it is evaluating the Proposal with its advisers, urged shareholders to take no action at this time, and confirmed J.P. Morgan Cazenove and UBS are acting as financial advisers to DCC.

Under Rule 2.6(a) of the Irish Takeover Rules the Consortium must, by not later than 5.00 pm (London time) on 10 June, either announce a firm intention to make an offer under Rule 2.7 or announce that it does not intend to make an offer.

by tickstock newsroom
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