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The deal values the Swedish company at $1.2 billion, and the Biotage board recommended that shareholders accept the offer.
Sweden's Biotage said on Tuesday that KKR had made a cash offer for the Swedish biotechnology firm, valuing it at around 11.6 billion Swedish crowns ($1.22 billion).
NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (the “Company” or “KREF”) (NYSE: KREF) announced that the Board of Directors has declared a dividend of $0.40625 per each issued and outstanding share of the Company's 6.50% Series A Cumulative Redeemable Preferred Stock, which represents an annual dividend of $1.625 per share. The dividend is payable on June 13, 2025 to KREF's preferred stockholders of record as of May 30, 2025. About KKR Real Estate Finance Trust Inc. KREF is a rea.
NEW YORK--(BUSINESS WIRE)--KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) announced today that it has changed the time of its first quarter 2025 earnings conference call and webcast. The conference call will now be held on Thursday, April 24, 2025 at 9:00 a.m. ET. The conference call was previously scheduled for Thursday, April 24, 2025 at 10:00 a.m. ET. The conference call may be accessed by dialing (844) 784-1730 (U.S. callers) or +1 (412) 380-7410 (non-U.S. callers); a pass code is.
FS KKR Capital's stock is undervalued, trading at a 21% discount to NAV, presenting a compelling buying opportunity despite higher-than-average non-accruals and declining net investment income. The BDC's credit profile has improved compared to 2023, and it could suspend its supplemental dividend to maintain its base dividend. FS KKR Capital's net investment income fell in 4Q24 due to higher loan repayments, leading to a higher dividend pay-out ratio and potential short-term dividend coverage challenges.
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FS KKR Capital offers a high dividend yield of 15%, with shares trading at an inexpensive valuation, making it an attractive entry point. Despite a 12% decline in net investment income per share, the yield on debt investments remains high, stabilizing with current interest rates. The portfolio has become more diversified, but the non-accrual rate has risen to 2.2%, indicating potential risks.
Private equity firm KKR is close to acquiring Frankfurt-listed IT services provider Datagroup , people familiar with the matter told Reuters on Tuesday.
Henry McVey, KKR's Head of Global Macro and Asset Allocation joined Wall Street Beat on Bloomberg Open Interest to talk about KKR's activism strategy. -------- More on Bloomberg Television and Markets Like this video?
CME Group and S&P Global have agreed to sell OSTTRA to investment funds managed by investment firm KKR for an enterprise value of $3.1 billion.