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KKR says MYOB buyout offer is 'best and final'

KKR & Co. informed MYOB Group Ltd. that its buyout proposal of A$3.40 per share for the Australian accounting software developer is its best and final offer.

The U.S. private equity firm, which made the bid through ETA Australia Holdings III Pty. Ltd., earlier slashed its offer from A$3.77 per share.

MYOB said the scheme will be up for a shareholder vote at a meeting scheduled for April 17.