KKR to acquire its specialty finance company for $2.6 bln - Reuters

KKR said it would acquire its specialty finance company KKR Financial Holdings in a $2.6 billion deal, paid for with KKR shares trading at an all-time high, that will boost the private equity firm's dividends, writes Reuters. Launched by KKR in 2004 to invest primarily in a variety of corporate loan and bond instruments, KFN now has a market value of $1.9 billion, a fraction of KKR's $17.7 billion market capitalization.

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