(Bloomberg) Stonepeak, the alternative-investment manager focused on infrastructure and real assets, said it raised $14 billion for its fourth flagship fund,…
Stonepeak Expanding Natural Gas Reach by Taking Teekay LNG Private in $6 2B Deal naturalgasintel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naturalgasintel.com Daily Mail and Mail on Sunday newspapers.
KPN saw a modest increase in its share price early on Thursday after rumors surfaced that Swedish private equity firm EQT is teaming up with Stonepeak Infrastructure Partners on a possible takeover bid.
Bloomberg reported last year that EQT was in the early stages of discussing the feasibility of a deal with potential advisers.
The Wall Street Journal is now suggesting that New York-based Stonepeak and EQT are working on a joint bid that would value the Dutch telco at more than $15 billion.
According to the report, which cited unidentified sources, the funds are preparing to conduct due diligence with the goal of submitting a formal bid this spring. The WSJ added that it is possible they could take on another partner, and that competing bids may also come into play.
KPN set to face €12 6bn takeover offer from EQT and Stonepeak totaltele.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from totaltele.com Daily Mail and Mail on Sunday newspapers.