BUZZ-Datagroup shares on track for best day ever after KKR deal

Reuters
16 Apr
BUZZ-Datagroup shares on track for best day ever after KKR deal

** Shares in Datagroup D6HG.DE jump around 31% after the IT services provider said it had reached an all-cash acquisition agreement with KKR KKR.N, which valued it at about 450 mln euros ($509 mln)

** Stock at highest since February 2024; if gains hold, it will see its biggest one-day jump ever

** KKR is offering 54 euros for each Datagroup share, representing a 33% premium on the company's last closing price of 40.75 euros

** Analysts at Stifel say this values the stock at 15.4x PE and 8.2x EV/EBITDA based on 2025 numbers

** Datagroup will delist from the exchange after the purchase is settled, with closing expected in Q3

(Reporting by Bernadette Hogg)

((bernadette.hogg@thomsonreuters.com))

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