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Market Chatter: KKR, Energy Capital Partners Close to DCC Acquisition

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KKR (KKR) and Energy Capital Partners are close to acquiring DCC for 5.7 billion British pounds sterling ($7.6 billion) despite opposition from major shareholders Aviva Investors and Fidelity International, Bloomberg News reported Tuesday, citing sources familiar with the matter.

The investment group is advancing its offer of 66.72 pounds per share, which includes a dividend payout, as the Wednesday deadline approaches, according to the report.

Aviva Investors and Fidelity International argued the price undervalues the business, Bloomberg said.

KKR and DCC declined to comment, while Energy Capital Partners, Aviva Investors and Fidelity International did not immediately respond to' requests 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.)

Price: $97.33, Change: $+0.42, Percent Change: +0.43%

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