KKR raises $1.2 billion for new SPAC with plans to merge with consumer or retail company

KKR Acquisition Holdings I Corp on Wednesday said it raised $1.2 billion in an upsized initial public offering at $10 a share, Reuters first reported. The SPAC backed by private equity giant KKR sold 120 million shares, higher than the 100 million it marketed earlier. KKR Acquisition plans to merge...