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KKR Snags First Data

The price tag is $29 billion.
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Updated from April 1

Kohlberg Kravis Roberts agreed to buy

First Data

(FDC) - Get First Data Corporation Class A Report

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for $34 a share in cash, or $26 billion.

The deal is worth $29 billion including debt assumption and gives shareholders of the credit card processor a 26% premium to Friday's closing price. Shares surged 25% early Monday, rising $6.65 to $33.55.