DCC said it received an improved proposal from a KKR consortium valued at up to 5.80 billion pounds ($7.85 billion), depending on any sale of its technology unit, and that it agreed to extend the deadline for the group to make a formal offer.
The marketing and support-services provider said Thursday that accepting shareholders would receive a base offer of 6,525 pence a share in cash and the proposed final dividend of 147.22 pence a DCC share as previously announced.
In addition, the consortium--which also includes Energy Capital Partners--will pay around 125 pence a share, totaling the equivalent of $800 million, related to the sale of Nexora, DCC's technology business.
DCC said the terms of the Nexora adjustment were still to be agreed upon and would be reduced accordingly if the sale proceeds were below $800 million. Terms are also subject to talks with the Irish Takeover Panel, it added.
DCC previously said it would recommend the proposal to shareholders if a formal offer were made.
The company started a formal sale process for its mostly North American Nexora audio-visual equipment and consumer electronics unit earlier this year, and said in May that the process was progressing in line with its expectations.
At the time DCC said it planned to have an agreement in place by the end of this calendar year.
The sale is part of a plan to simplify the business and focus on its energy operations. The company completed the sale of its information technology business to German turnaround investor Aurelius for 100 million pounds in November.
The deadline for private-equity firms KKR and Energy Capital Partners to make a formal offer for the company or walk away has now been extended to July 27.
DCC said it isn't certain any offer will be made and advised shareholders not to take any action at this time.
DCC shares were up 1% at 6,370 pence in European midmorning trading and are 38% higher over the year to date.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
July 16, 2026 05:25 ET (09:25 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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