Onex among remaining bidders for Toshiba's Landis+Gyr: Reuters
The field of prospective bidders for Japanese conglomerate Toshiba Corp's Swiss-based smart meter group Landis+Gyr has narrowed to two, banking sources told Reuters. The two, Goldman Sachs Group's private equity arm and Canada's Onex Corp, are undertaking due diligence checks, the sources said. A consortium of CVC Capital Partners and Hitachi Ltd had withdrawn its offer, as had Honeywell International Inc. Toshiba bought Landis+Gyr in 2011 for US$2.3 billion jointly with state-backed Innovation Network Corp of Japan, which holds 40 percent in the company.
27 June 2017•2 mins read
