SYDNEY, Dec 20 (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co has ended discussions over a $1.7 billion possible takeover of Australia's Perpetual after the two sides failed to agree on terms.
KKR had bid A$38 to A$40 per share in October, which Perpetual called as low, but still offered to hold limited discussion to explore a higher offer.
Earlier this month three sources said KKR was looking at raising its offer by a small amount to try and gain full due-diligence..
(Reporting by Narayanan Somasundaram) Keywords: PERPETUAL KKR/ (narayanan.somasundaram@thomsonreuters.com)(+61 2 9373 1815)(Reuters Messaging: narayanan.somasundaram.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
KKR had bid A$38 to A$40 per share in October, which Perpetual called as low, but still offered to hold limited discussion to explore a higher offer.
Earlier this month three sources said KKR was looking at raising its offer by a small amount to try and gain full due-diligence..
(Reporting by Narayanan Somasundaram) Keywords: PERPETUAL KKR/ (narayanan.somasundaram@thomsonreuters.com)(+61 2 9373 1815)(Reuters Messaging: narayanan.somasundaram.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.