Thursday, April 12, 2007

UPDATE 2-KKR group may seek partner for Coles bid-source

(Reuters) - MELBOURNE, April 13 - A Kohlberg Kravis Roberts-led consortium pursuing Australian retailer Coles Group Ltd. is considering partnering with a listed company in its bid, which could make the offer more attractive for Coles shareholders.

KKR [KKR.UL] is facing a potential bidding war with conglomerate Wesfarmers Ltd. for Australia's second-largest retailer, which has offered A$19.7 billion in a combination of cash and shares. It would be the country's biggest ever takeover.


Read more at Reuters.com Mergers News

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