UK's PRS REIT says KKR joins sale process, Long Harbour bid still on table
1. KKR has entered the sale process for UK-based PRS REIT. 2. No offer has been made yet by KKR, amidst competing bids.
FAQ
Why Bullish?
KKR's involvement can increase PRS REIT's valuation, as seen when Blackstone entered similar bids, driving market interest.
How important is it?
KKR's participation in the sale process indicates strategic intent, potentially impacting investor sentiment toward KKR's future acquisitions.
Why Short Term?
Immediate market reactions likely, as acquisition rumors can drive price movements quickly, similar to past M&A activities.