KKR is nearing a deal to acquire chemical maker Chase for approximately $1.3 billion including debt, according to a report by the Wall Street Journal.
The specialist chemical manufacturer – which has a market capitalization of $1.18 billon – gained 3% this week on the back of reports of a potential deal, which could be agreed later on Friday.
Chase has reportedly received multiple bids from private equity firms including Pritzker Private Capital, a family-owned investment firm connected to the family of Illinois Gov. J.B. Pritzker and others, as well as other industrial companies.
KKR is understood to be looking to acquire the company for around $1.3 billion including debt.
