Irish energy firm DCC climbs after KKR consortium boosts bid
BUZZ-Irish energy firm DCC climbs after KKR consortium boosts bid ** Shares of Irish energy distributor DCC DCC.L up 3.3% at 62 pounds
** Co says it received a sweetened cash offer of £66.72 ($89.36) per share from a consortium of U.S. private equity firm KKR KKR.N and Energy Capital Partners
** Board would be minded to recommend the revised proposal if a firm offer is announced
** DCC says consortium must express firm intention by 8 July 2026
** DCC had previously rejected a £58-per-share offer in April
** YTD, stock has risen ~32%
($1 = 0.7466 pounds)
(Reporting by Tuhina in Bengaluru)
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Brief: DCC Says Shareholders To Receive 6672.22 Pence Per Share In Cash Under Revised Proposal