was "completely reliant" on KKR's affiliate for its everyday management, the court found that plaintiffs' allegations did not support a reasonable inference that KKR controlled KFN
's twelve-member board of directors such that those directors could not freely exercise their judgment in determining whether to approve and recommend to the stockholders a merger with KKR.
In the event that the merger is not approved by common shareholders of KFN
, the board may reevaluate its decision not to declare a quarterly distribution.
Additional information regarding KFN
is available at http://www.
0x, deterioration in asset quality, weaker core earnings performance, outsized portfolio losses, declines in liquidity, and/or a change in Fitch's view of the relationship between KFN
and KKR could yield negative rating actions.
The Stable Outlook reflects Fitch's expectation that KFN
will continue to report solid asset quality and relatively consistent core operating performance over the intermediate term, while maintaining low leverage and solid liquidity, even with anticipated declines in the fair value of portfolio investments given recent volatility in the capital markets.
Upon closing of the transaction, which is expected in the first half of 2014, KFN
will become a subsidiary of KKR.
Additionally, the conference call will be broadcast live over the internet and may be accessed through the KFN
Investor Relations section of the KKR website at http://ir.
All incentive fees, including those earned from KFN
NYSE: KKR), today announced that they have entered into a definitive agreement under which KFN
has agreed to invest in excess of $100 million in LCI Helicopters Ltd ("LCIH"), the helicopter leasing subsidiary of LCI, in exchange for a minority stake in LCIH's common equity.
Do you own shares of KKR Financial Holdings LLC (NYSE: KFN
KKR) jointly announced that the two Companies have entered into a definitive merger agreement, under which KKR will acquire KFN
through a stock-for-stock merger that values KFN
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