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LONDON - Investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) confirmed Monday it is not aware of any share dealings in The PRS REIT plc that would require a minimum level or particular form of consideration under takeover rules, should it proceed with an offer.
In a regulatory statement responding to a PRS REIT announcement, KKR noted it has not been able to complete inquiries with all persons presumed to be acting in concert with it prior to this disclosure. Any relevant details identified during these inquiries will be announced by the time KKR is required to make its Opening Position Disclosure under Rule 8.1 of the City Code on Takeovers and Mergers.
The announcement falls under Rule 2.4 of the Code and does not constitute a firm intention to make an offer. There is no certainty that any formal offer will materialize.
N.M. Rothschild & Sons Limited is acting as financial adviser exclusively for KKR in connection with the matter.
The statement includes standard disclosure requirements under the Takeover Code, including obligations for persons interested in 1% or more of relevant securities to make appropriate disclosures.
KKR deemed the information in the announcement to constitute inside information under the Market Abuse Regulation, which is now considered to be in the public domain following this disclosure.
The statement was made in accordance with regulatory requirements based on a press release issued by KKR.
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