Barbarian No More

The afternoon of Tuesday, July 3, was dead calm on Wall Street. The markets had closed early at 1 p.m., and traders and brokers had long since hustled off to the Hamptons. But at 5:19 p.m., KKR & Co. quietly set off its own fireworks: in a Securities and Exchange Commission filing, founding cousins Henry Kravis and George Roberts signaled their intention to let public investors buy into one of the nation's most lucrative businesses: their $53.4 billion private-equity firm.The filing, made...
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