KKR, Banks Discuss First Data Acquisition
NEW YORK Kohlberg Kravis Roberts & Co. agreed in principle to make concessions being sought by banks arranging $16 billion in financing for its purchase of Colorado-based payment processor First Data Corp., a ... via Cbs4denver.com
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#1 Sep 13, 2007
There are too many connections between KKR and First Data through Safewar, Citigroup, and Credit Suisse (yes, the same bank that is in the middle of the deal) for this deal to die that easily. Check out this article http://www.newsvisual.com/newsvisual/2007/09/... . Also, KKR hand picked First Data's CEO a few months back, you should probably take that into consideration http://www.newsvisual.com/newsvisual/2007/07/...
In my opinion the deal will still go down and is not as shaky as some people believe.
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