Australia's MYOB Group announces A$1.75 bln buyout offer from KKR
October 07, 2018 at 18:20 PM EDT
Australia's MYOB Group Ltd on Monday said an associate of private equity firm KKR & Co bought a 17.6 percent stake in the cloud services provider from Bain Capital Abacus Holdings, L.P. for A$327.4 million ($230.98 million) and proposed to buy the remaining shares for about A$1.75 billion.
