4 Merger and Acquisitions Stock Stories Creating a Buzz Today
Kohlberg Kravis Roberts & Co. (NYSE:KKR): Current price $19.94
KKR will acquire an interest in Weststar Aviation Services Sdn. at a price of $200 million, representing the firm’s first investment in Malaysia. The purchase will give the buyer a “substantial minority” stake in Weststar, which supplies offshore helicopter transportation services to oil and gas firms, said a joint statement by the parties, which also explained that KKR’s investment is being funded out of its $6-billion KKR Asian Fund II.