For Tuesday, Jan. 10, we look at New York private equity firm Kohlberg Kravis Roberts & Co. LP's unsolicited offer for Australian clothing maker Pacific Brands Ltd. Though the offer price has not been disclosed, officials from Pacific Brands say they are considering the offer. Pacific Brands is taking advice from Flagstaff Partners Pty. Ltd. and legal counsel from Minter Ellison. KKR seems to be following in the footsteps of PE shop Sycamore Partners LLC, which recently offered $3 per share for struggling women's apparel retailer Talbots Inc. -- an offer Talbots ended up rejecting. Could KKR share the same fate with Pacific Brands?
Below are links to key content from The Deal Pipeline regarding movements made in this offer. - Sarah Hashim-Waris
The Deal Pipeline article: KKR enters talks with Pacific Brands
M&A page: Kohlberg Kravis Roberts
Deal of the Day video: Talbots to shop around or check out with Sycamore's offer?
The Deal Pipeline article: All dressed up with nowhere to go
The Deal Pipeline article: Investors warm up to Pacific Sunwear
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