KKR, Apollo Global (APO), and Clayton Dubilier & Rice are considering a buyout of KAR...

|About: KKR (KKR)|By:, SA News Editor
KKR, Apollo Global (APO), and Clayton Dubilier & Rice are considering a buyout of KAR Auction (KAR +1%) in what potentially could be a $4B deal. The discussion is in the early stages, after KAR hired Evercore Partners to solicit offers. A deal may be hard to come by however, as KAR's price has been rallying on buyout chatter and skewing the math. The stock is up more than 10% since August 22, when news of a potential sale broke.