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Buyout firm KKR to list on NYSE

By Julianne Pepitone, staff reporter

NEW YORK (CNNMoney.com) -- Kohlberg Kravis Roberts & Co., the takeover titan immortalized in the book and television movie "Barbarians at the Gate," will finally start trading on the New York Stock Exchange next week.

The stock will begin trading on the NYSE on July 15 under the ticker "KKR," the company said Tuesday.

KKR has spearheaded some of the biggest leveraged buyout deals in history, including the $31 billion hostile takeover of RJR Nabisco in 1988.

The private-equity company, run by Henry Kravis and George Roberts, first filed plans for an initial public offering in 2007. But those plans were later shelved, and in 2008 the company said it planned to list on the NYSE through a takeover of its Amsterdam-listed investment fund.

But KKR couldn't complete that transaction before the credit market tightened amid a collapsing financial market. Instead, the company took a nontraditional manner of going public: It listed on the Euronext Amsterdam exchange.

The Amsterdam shares of KKR will stop trading on July 14, when each Euronext share will be transferred automatically into an NYSE share, the company said Tuesday.

KKR will join its private equity rival Blackstone (BX), which went public in the summer of 2007. Such firms have become more active buyers lately, backed by ample cash on their books. To top of page

Index Last Change % Change
Dow 16,790.19 13.76 0.08%
Nasdaq 4,748.36 -32.90 -0.69%
S&P 500 1,979.92 -7.13 -0.36%
Treasuries 2.04 -0.02 -1.02%
Data as of 6:35pm ET
Company Price Change % Change
General Electric Co 27.29 0.47 1.75%
Bank of America Corp... 15.69 0.00 0.00%
Alcoa Inc 10.98 0.57 5.48%
Freeport-McMoRan Inc... 11.83 0.65 5.81%
Micron Technology In... 18.22 0.65 3.70%
Data as of 4:01pm ET


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