KKR Shareholder To Sell 20 Million Shares
NU Online News Service, Feb. 13, 4:22 p.m. EST?Insurance broker Willis Group Holdings Limited said one of its shareholders, Profit Sharing (Overseas), Limited Partnership, an affiliate of Kohlberg Kravis Roberts & Co. L.P. and Fisher Capital Corp. L.L.C., is selling 20 million shares of common stock it owns.[@@]
Profit Sharing currently holds approximately 35.8 million shares of common stock, Willis said.
Willis, headquartered in London, said it plans to purchase 4 million shares in a private transaction using cash on hand.
The selling shareholders have granted the underwriters an option to purchase up to 3 million additional shares to cover overallotments, if any.
Citigroup, Credit Suisse First Boston and Banc of America Securities LLC are the brokers in this transaction.
Additional information is available at www.willis.com.
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