KKR Leans Against Bid for Seagate

To read this article from The New York Times, click on:
K.K.R. Leans Against Bid for Seagate
Kohlberg Kravis Roberts is leaning against joining a bid for Seagate Technology, a person briefed on the matter told DealBook on Thursday, as talks to take the storage company private hit snags. K.K.R. had been discussing a potential bid with TPG, which remains interested in pursuing a buyout, this person said. Bain Capital had also expressed interest in joining the group, but it remains unclear whether it will do so, according to another person briefed on the matter. Seagate’s stock closed down 8.4 percent at $13.94.

Read also this article from the New York Post:
TPG stays in hunt for Seagate
Private-equity firm TPG Capital has brought in a partner to replace KKR in a joint bid to buy Seagate Technology, The Post has learned.