KKR offers to buyout Axel Springer’s minority investors: Reuters

KKR pitched a 40 percent premium to buy out Axel Springer’s minority investors, Reuters reported. The proposal values the company at 6.8 billion euros ($7.7 billion) and would guarantee Axel Springer’s 76-year-old widow Friede a say over strategy even if KKR secures a majority stake, the story said.