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KKR to Trim Stake in Soaring Kokusai Electric, Cashing in on Chip Boom: Report

KKR & Co. Inc. (NYSE:KKR) reportedly intends to reduce its stake in Kokusai Electric, capitalizing on the strong performance of the Japanese chip equipment maker’s shares. KKR, which currently owns about 43% of Kokusai’s shares, plans to sell approximately half of its stake to investors, reported Reuters. Also Read: KKR Eyes $20B New North America Fund In Tough Market: Report Kokusai will conduct a share buyback in the market. The report read that a 20% ...