Financials Company KKR & Co Announces Acquisition of Chase
Portfolio Pulse from Benzinga Insights
KKR & Co (NYSE:KKR) has announced its plan to acquire Chase (AMEX:CCF) for $1.30 billion in cash. The acquisition is expected to be completed in Q4 of 2023. KKR is one of the world's largest alternative asset managers, while Chase Corp is a specialty chemical company.
July 21, 2023 | 3:10 pm
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Chase Corp is being acquired by KKR & Co for $1.30 billion. The deal is expected to close in Q4 2023.
The acquisition could potentially provide a significant cash influx for Chase Corp. However, the impact on the stock price will depend on the market's perception of the deal's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
KKR & Co is acquiring Chase Corp for $1.30 billion. The deal is expected to close in Q4 2023.
The acquisition could potentially increase KKR's assets under management and diversify its portfolio. However, the impact on the stock price will depend on the market's perception of the deal's value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100