KKR, Bain Sell NXP in Initial Offering at 46% Discount to LBO
Friday, August 6th, 2010KKR, Bain Sell NXP in Initial Offering at 46% Discount to LBO
KKR & Co. and Bain Capital LLC sold shares of NXP Semiconductors NV in a $476 million initial public offering for 46 percent less than they paid to take control of the company at the height of the credit-market bubble.
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