UK's DCC rises on improved takeover proposal from KKR-led consortium
KKR•DCC rises on revised bid
Shares of Irish energy distributor DCC DCC.L were up about 1% at 6,365p.
A consortium of U.S. investment firms Energy Capital Partners and KKR KKR.N raised its bid for DCC, valuing the company at £5.81 billion ($7.86 billion).
Following the revised bid, the Irish takeover panel extended the deadline for the consortium to make a firm offer to July 27.
As of the last close, DCC stock was up about 36% year to date.
($1 = 0.7389 pounds)
