DCC's board has recommended a £5.75bn takeover bid from private equity firms KKR and Energy Capital Partners. This endorsement comes despite significant opposition from major shareholders, including Aviva Investors and Fidelity International, who argue the offer undervalues the company's long-term potential.

The proposed deal values DCC at £65.25 per share, with an additional final dividend and a contingent payment tied to the sale of its technology arm, Nexora. DCC CEO Donal Murphy expressed confidence that most shareholders would ultimately support the transaction, which is scheduled for a vote in September.

Founder Jim Flavin has publicly criticized the bid as "totally inadequate." The board's decision prioritizes the certainty of a cash offer, representing a 36% premium, over the potential rewards of remaining a standalone public entity facing uncertain market conditions. KKR sees an opportunity for operational improvements within DCC's energy and services businesses, which operate primarily in Europe and the US.