KKR Talks to Australia's Pacific Brands Over Possible Buyout

KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, is in talks with Pacific Brands Ltd. over a possible buyout, sending shares of the Australian apparel maker to the biggest gain in six months.

"It is trading at a very cheap multiple," said Tony Wilson, an analyst at Melbourne-based Evans and Partners. "There's an opportunity there to develop an online business and extend ..."

To access the complete article, click here