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

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.
Comments (1)
  • philsoil
    , contributor
    Comments (47) | Send Message
     
    Thanks but I don't have much to brag about. Except in1963 when I met John Kennedy out back in the rose garden to receive metal when I was 16years old. How fast time fly's.
    12 Sep 2012, 05:48 PM Reply Like
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