LOS ANGELES, CA, (NAMC) - On April 2, 2007 news hit that the king of the leveraged buyout, Kohlberg Kravis Roberts & Co or KKR for short, has agreed to purchase the world's largest  processor of credit- card payments, First Data Corp (NYSE: FDC), for a price tag of approximately $29 billion or $34 per share.

This is about a 26% premium over it's closing price on Friday March 30, 2007.

Now this is lining up to be one of the largest takeovers this year, and comes on the heels of the other major acquisition by the team of KKR and Texas Pacific Group of TXU Corp for approximately $31 billion.

KKR made major headlines many years ago with the RJR Nabisco deal and they have been making headlines ever since. The co-founders of KKR, Henry Kravis and George Roberts seem to be just warming up in 2007 as more public companies continue to go private.

David Kingston
Business News Correspondent
NAMC Newswire
www.namcnewswire.com

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