KKR seeks to woo investors with corporate rejig

KKR & Co (KKR.N) transforms into a corporation on Sunday, a change that should help the U.S. private equity firm tap a new pool of investors for its stock. What remains to be seen is if, given the new option, active fund managers will want to buy what KKR is selling. The change by KKR, which made its name through leveraged buyouts in Corporate America in the 1980s, to so-called C-Corp from a publicly traded partnership (PTP) will mean a bigger tax bill. …read more

Source:: Yahoo Finance


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