KKR to sell 64 mln First Data shares

KKR plans to sell 64 million shares of First Data Corp in a secondary offering. Underwriters on the deal have the option to buy another 9.6 million shares. First Data said it would receive none of the proceeds from the sale. KKR acquired First Data in 2007 in a deal valued at $29 billion. First Data, a payments company, went public in 2015.

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