This content is from: Innovation
KKR To Pay $7.2B For Samson Stake
Kohlberg Kravis Roberts & Co. has agreed to acquire Samson Investment Co.
Kohlberg Kravis Roberts & Co. (KKR) has agreed to acquire Samson Investment Co., The Wall Street Journal reports. The global investment firm will pay a total of $7.2 billion in a combination of debt and equity for the acquisition.
The deal, which excludes Samson’s Gulf of Mexico properties, will boost the private equity firm's involvement in the country's energy production. Samson is a Tula, Oklahoma-based explorer of oil and natural gas.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Bloomberg.