Pennon soars on report of rejecting KKR bid for unit Viridor

(Reuters) - Pennon said on Monday a previously announced review into its strategic focus was ongoing and all options were being considered in response to a report that KKR had made a bid for the British water utility's waste management business. The Telegraph, citing sources, reported late on Friday that the U.S. private equity firm had attempted to jumpstart proceedings to buy Viridor earlier in 2019 but was rejected by Pennon.London-listed Pennon shares jumped as much as 10.4% on the day..