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U.S. Movers: KKR & Co, Monogram Residential, Odyssey Investment, Vantiv

Author: Mukesh Buch
Last Update: 12:53 PM ET July 05 2017

12:45 PM New York KKR made non-binding takeover offer to Australia-based Pepper Group for $498 million. Monogram Residential Trust agreed to be acquired by Greystar Real Estate Partners for $3 billion. Vantiv agreed to acquire U.K.-based rival Worldpay for $10 billion.

Tollbooth Index fell 24.95 or 0.2% to 11,943.88.

Earnings Review

KKR & Co. L.P slumped 2% or 37 cents to $18.17 after Australian non- mortgage lender Pepper Group Ltd said it had received A$655 million or $498 million non-binding takeover offer from KKR Credit Advisors LLC.

Monogram Residential Trust Inc (MORE) surged 22.1% or $2.16 to $11.97 after the self-managed luxury apartment developer today agreed to be acquired by Greystar Real Estate Partners for $12 per share or about $3 billion in cash.

The transaction is expected to close in the second-half of 2017.

Odyssey Investment Partners LLC, the privately held equity firm agreed to acquire radars and satellites circuits maker CPI International Inc for more than $800 million, including debt from Veritas Capital Management LLC.

The news was first reported by Reuters.

Vantiv Inc dropped 2.5% or $1.56 to $60.94 after the credit cards processor agreed to acquire U.K.-based rival Worldpay Group plc for about $10 billion or 9.1 billion.

However, JPMorgan Chase said today it is not sure if the bank would make an offer.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc