Australian software firm MYOB recommends KKR's lower buyout offer

Australian software firm MYOB recommends KKR's lower buyout offer

REUTERS/Brendan McDermid

Australian accounting software maker MYOB Group Ltd said it would back a marked-down A$1.6 billion ($1 billion) buyout offer from private-equity giant KKR & Co in a bid to navigate a broader market turmoil, sending its shares higher.

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