KKR Ups Bid

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KKR Ups Bid

The bank meeting for the loans backing Kohlberg Kravis Roberts & Co.'s acquisition of Masonite International Corp. was put on hold last week after shareholder opposition to the takeover strengthened.

The bank meeting for the loans backing Kohlberg Kravis Roberts & Co.'s acquisition of Masonite International Corp. was put on hold last week after shareholder opposition to the takeover strengthened. After the meeting was cancelled and LMW went to press, KKR increased the bid from $3.1 billion to $3.26 billion. Scotia Capital will lead the debt for the proposed transaction.

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