Is Woolworths in KKR’s sights?

The share price of Woolworths (ASX: WOW) has soared today, up 4% as of 2pm, as rumours spread that private equity giant Kohlberg Kravis Roberts (NYSE: KKR) is running the rule over the supermarket giant.With a current market capitalisation of over $33bn, it would dwarf the $22bn Wesfarmers (ASX: WES) spent to acquire close rival Coles. If such a transaction occurs, the final price could be considerably higher. Woolworths shares are still not that far from their 52 week low and it is unlikely any Woolworths shareholders would allow the company to be purchased without a significant premium.If KKR did pull the...

The share price of Woolworths (ASX: WOW) has soared today, up 4% as of 2pm, as rumours spread that private equity giant Kohlberg Kravis Roberts (NYSE: KKR) is running the rule over the supermarket giant.

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