We noted recently that Kohlberg Kravis Roberts had been re-evaluating its options when it came to a deal that would result in it being traded publicly on the NYSE. Now comes news that it has indeed modified its original plans. The original deal called for KKR to combine with Amsterdam-based fund KKR Private Equity Investors (KPE), delist it in Europe and list on the NYSE under the ticker symbol KKR.

Under the new proposal, according to Reuters, KKR will still buy the assets of KPE but the fund will remain listed in Amsterdam. KPE would own 30 percent of the combined business, an increase from the original 21 percent proposed. There is no timetable to list in New York. But KKR has given KPE "the right to require the combined company to list in New York if KKR has not sought a listing within 12 months of the deal closing."

For more:
- here's the article

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