Accel Group NV said on Monday it has agreed to a 1.56 billion euro ($1.77 billion) acquisition by a consortium led by Kohlberg Kravis Roberts & Co LP.
Under the deal, shareholders of the Netherlands-based bicycle company will receive EUR58 for each share they accept, a 26% premium over the company’s closing price on Friday.
The consortium includes Teslin Alpine Acquisition BV, a subsidiary of Teslin Participants Cooperative UA.
The company said Accel’s current board of management, which includes Chief Executive Ton Anbeek and Chief Financial Officer Ruben Baldew, will continue to lead the group.
This story has been published without modification to the text from a wire agency feed
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