Itochu Joins KKR in $7B Samson Deal

Japanese trading company Itochu is joining KKR in bid worth more than $7 billion for Samson Investment Co., according to a Reuters report on its website.

The report said that Itochu would hold a 25 percent stake while KKR (60%) and other private equity investors would hold the remaining interest.

The deal is expected to close as early as Tuesday, said sources according to the report.

Samson and Itochu couldn't be reached immediately for comment and KKR declined, the report said.

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