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UK's takeover panel extends deadline for DCC takeover offer by KKR, Energy Capital consortium

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UK's takeover panel extends deadline for DCC takeover offer by KKR, Energy Capital consortium

The Takeover Panel extended the deadline for KKR and Energy Capital Partners to submit a firm takeover offer for Irish energy distributor DCC to July 16. The extension follows the bidders’ request for additional time to complete discussions. Impact is likely limited near-term as it mainly affects timing rather than deal terms.

Analysis

The Takeover Panel extended the deadline for KKR and Energy Capital Partners to submit a firm takeover offer for Irish energy distributor DCC to July 16. The extension follows the bidders’ request for additional time to complete discussions. Impact is likely limited near-term as it mainly affects timing rather than deal terms.

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