Acceptance period begins for KKR's OHB public takeover offer

OHB SE

15/09/2023 12:49

BERLIN, Sept 15 (Reuters) - U.S. financial investor KKR
 KKR.N  said on Friday that the acceptance period had begun for
its voluntary public takeover offer for shares in German space
company OHB  OHBG.DE .
    KKR said the offer price was 44 euros ($46.87), valuing the
company at 768 million euros and in line with the amount given
in OHB's announcement about the takeover last month. 
    The acceptance period ends Oct. 17, according to KKR. 
    KKR is buying a minority stake in the space company, which
plans to delist to give it more flexibility to capitalise on a
boom in the commercial satellite market.
       
    

($1 = 0.9387 euros)

 (Writing by Miranda Murray, Editing by Rachel More)
 ((Miranda.Murray@thomsonreuters.com;))