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Update: Market Chatter: KKR Among Firms Bidding for $2 Billion Logoplaste

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(Updates with KKR's and Apax's responses to requests for comment in the last paragraph.)

KKR (KKR) is one of several suitors to make a non-binding offer for Logoplaste, as the Portuguese packaging maker's majority shareholder works on a potential sale that could value it at about $1.94 billion, Bloomberg reported Tuesday, citing people familiar with the matter.

Apax Partners has also made a bid for Logoplaste, which is expected to hold talks with certain bidders before inviting some to make binding offers, the report said, citing the people.

KKR and Apax declined to comment to, while Logoplaste didn't immediately reply to a 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.)

Price: $96.58, Change: $-0.36, Percent Change: -0.38%

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