Daikin Industries May Provide Exit for Hellman & Friedman

Japan's Daikin Industries, an air conditioner manufacturer, is in talks to buy its U.S.-based rival Goodman Global Group from private equity firm Hellman & Friedman, Reuters said, citing a Bloomberg report. The buyout shop has rejected one proposal for the company, valued at $3.6 billion, though the two firms are now negotiating a revised proposal, Reuters reported. San Francisco-based Hellman & Friedman agreed to pay $1.8 billion in cash for Goodman Global in October 2007.

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