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Market Chatter: KKR, Energy Capital Partners Close In on $7.6 Billion Deal to Buy DCC

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KKR and Energy Capital Partners are nearing an agreement to acquire UK-listed DCC for 5.7 billion British pounds ($7.6 billion), despite opposition from some major shareholders who argue the offer undervalues the energy distribution firm, Bloomberg reported on Tuesday, citing sources.

The consortium is proceeding with its existing offer of 66.72 British pounds per share, including a dividend, ahead of a Wednesday deadline.

The latest proposal represents a 15% premium to the consortium's initial bid, and DCC's board is close to giving final approval to the deal.

A DCC spokesperson declined to comment in response to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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