KKR and Energy Capital Partners have agreed to acquire DCC Energy for up to 5.81 billion pounds, approximately 7.86 billion dollars. Shareholders will receive 65.25 pounds per share in cash, plus a 1.47 pound dividend and a conditional 1.25 pound adjustment tied to the sale of Nexora. The offers increased from 4.95 billion pounds in April to 5.81 billion pounds in July, representing roughly a 17 percent increase. Major institutional investors, including Fidelity and Aviva, have raised concerns about the valuation proposed by the consortium. The UK Takeover Panel has overseen the process, but the final decision rests with shareholders.
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