Australia's MYOB Group announces $1.23b takeover offer from KKR

Australia's MYOB Group announces $1.23b takeover offer from KKR

MYOB CEO Tim Reed. Photo: MYOB's Facebook page

Australia’s MYOB Group on Monday said private equity firm KKR & Co proposed to buy shares it does not already own in the cloud services provider for about A$1.75 billion ($1.23 billion) after bagging a 17.6 percent stake in MYOB from Bain Capital Abacus Holdings, L.P.

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