Irish Energy Distributor DCC Weighs Buyout Bid, Shares Soar

DCC rejects £4.95 billion offer from US consortium

Irish energy distributor DCC has today rejected a £4.95 billion takeover proposal from a consortium comprising US investment firms KKR and Energy Capital Partners, saying it undervalued the company.

Irish energy distributor DCC says it is considering potential takeover offer

Irish energy distributor DCC has said it is reviewing a cash takeover proposal from a consortium comprising U.S. investment firms Energy Capital Partners and KKR.

DCC receives bid approach from Energy Capital Partners and KKR consortium

DCC is based in Dublin and listed on the London Stock Exchange

FTSE 100 Today: Why UK Stocks Are Barely Moving as DCC, Unilever and the BoE Dominate London Trading

The FTSE 100 rose 0.10% to 10,222.85 in early London trading, recovering after a 1.2% drop on Wednesday. DCC shares fell 5% after rejecting a £4.95 billion takeover bid from KKR and Energy Capital Partners. Unilever began a €1.5 billion share buyback and posted 3.8% underlying sales growth. Investors awaited the Bank of England’s rate decision, with no change expected. The post FTSE 100 Today: Why UK Stocks Are Barely Moving as DCC, Unilever and…

Trans-Atlantic bid for DCC sends £5bn energy firm to top of FTSE 100

London-listed sales and distribution services group DCC became the target of a new trans-Atlantic bid for a top-tier FTSE 100 firm on Wednesday, sending its shares soaring. The Dublin-based firm received an offer from famed US private equity house Kohlberg Kravis Roberts & Co, which linked up with Energy Capital Partners. DCC said it had received “an indicative cash proposal” and that it was “evaluating the proposal”. The firm did not disclose d…