RBC I The Associated Press reported Tuesday KKR & Co., the parent company of private equity firm Kohlberg Kravis Roberts, shelved plans for a $500 million stock offering, citing unfavorable market conditions.
Henry Kravis owns the Westlands Ranch upriver.
The company reported that net income tumbled to $29.9 million in the quarter ended June 30 from $365.8 million the year earlier, in part because of the cost of issuing stock as compensation.
KKR buys companies…
