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Axel Springer's shareholders accept KKR's offer for an additional 14.7% stake

Publisher Axel Springer SE's shareholders accepted a voluntary public tender offer by KKR & Co. for an additional 14.7% of Axel Springer shares.

Including the shares, the final acceptance rate reached 42.5% of the share capital of Germany-based Axel Springer, according to an Aug. 26 news release.

As of the end of the additional acceptance period, KKR struck deals to acquire Axel Springer shares outside the public tender offer corresponding to about 1.04% of the share capital and voting rights of Axel Springer.

The completion of the offer remains subject to merger control, foreign investment and media concentration clearances and is expected to occur in the coming months.