KKR's KFN acquisition gets a little opposition

CtW Investment Group - which advises union pension funds - is expected to oppose the deal, arguing the acquisition process was flawed, leading to too-low of a price.

The group's views may not mean a whole lot as its advises investors holding a little more than 0.1% of KFN's shares, and two more influential shareholder advisory groups - ISS and Glass Lewis - are supportive of the deal (though both raised concerns over conflicts of interest). Also, large shareholder Leon Cooperman (with more than a 7% stake) has given his blessing to the sale.

KFN owners will get 0.51 shares of KKR for each share of KFN they own.

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Comments (1)
  • arthur_bishop1972
    , contributor
    Comments (4446) | Send Message
    Cooperman's blessing is a killer for longs.
    21 Apr 2014, 10:55 PM Reply Like
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