My takeI havern't been following this as closely as many others, but from what I can see
1) there were potential acquisition discussions;
2) there was a leak about the discussions;
3) Ramelius acknowledged them and noted KKR's market value (perhaps to see how the market would perceive that as a potential acquuisition price - or floor);
4) KKR acknowledged the discussions;
5) Discussions were likely killed as either KKR thought the Ramelius price/offer too low or Ramelius thought KKR's price/offer too high.
Most posters thought the Ramelius offer would likely be low (based on Ramelius noting KKR's market value) and attacked mgmt for potentially selling too cheap.
At the end, for whatever reason, much ado about nothing. KKR is back to being itself (for better or worse). But, we do know that mgmt would sell if given the right price (but at what premium?).