KKR to buy Axel Springer for 6.8 billion euros

KKR & Co. KKR is making a public takeover offer for the shares of Axel Springer SE (SPR.XE) after reaching an agreement with the German media company. KKR will offer all Axel Springer shareholders 63 euros ($71.31) a share in cash, Axel Springer said Wednesday in a press release. The takeover offer will be subject to a minimum acceptance of 20%, Axel Springer said.