By and  on July 18, 2007

As Kohlberg Kravis & Roberts is set to launch its initial public offering, the private equity giant is said to be looking to make a big splash by acquiring Macy's Inc.

Sources said KKR partnered with Goldman Sachs on an offer for the $27 billion retailer valued at $52 a share, or about $24 billion, which may or may not exclude Macy's debt.

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