DCC share price moves after KKR and Energy Capital deadline brings 6,500p level into play
DCC rose 3% to 6,180p in London after reports KKR and Energy Capital Partners are considering a new bid near 6,500p a share, above April’s rejected 5,800p offer. The consortium faces a 5 p.m. deadline to make a firm bid or walk away. Berenberg raised its price target to 6,700p and kept a buy rating. DCC reported a 3.6% profit gain and 9.9% EPS growth for the year ended March 31.