Beatrice will continue to review its alternatives.
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In a brief statement, Beatrice Cos. said it was postponing a previously scheduled board meeting to discuss Kohlberg Kravis Roberts & Co.’s modified takeover offer and instead will take up the issue at a Feb. 2 meeting. Company spokeswoman Liane Adduci said the board is continuing to review its alternatives with regard to the new Kohlberg Kravis proposal, under which the investment banking company would acquire Beatrice for $6.1 billion in what would be the biggest leveraged buy-out ever. Both companies declined further comment.
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