Blackstone close to $5.5 billion-plus Gates takeover - Reuters
Blackstone Group LP is close to a deal to buy industrial conglomerate Gates Global Inc, people familiar with the matter told Reuters. The buyout firm is in the final stages of negotiations with Gates' private equity owners, Onex Corp and the Canada Pension Plan Investment Board, and the two sides are aiming to finalize an agreement by early next week. The final deal price could not be learned, but the transaction is now expected to value the auto parts and building products maker at US$5.5 billion to US$6 billion including debt.
26 March 2014•3 mins read
