KKR's KFN acquisition gets a little opposition

|About: KKR (KKR)|By:, SA News Editor

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.