Reuters: Blackstone nears deal to acquire Gates Global for $5.5B-$6B


Blackstone (BX) reportedly is close to a deal to buy Gates Global for more than $5.5B, in the final stages of negotiations with Gates' P-E owners Onex (ONEXF) and the Canada Pension Plan Investment Board with an agreement possible by early next week.

BX apparently is preparing to do the deal on its own after TPG Capital, which it had teamed up with to submit a joint bid two weeks ago, backed out.

The deal is expected to value the auto parts and building products maker at $5.5B-$6B, including debt.

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Comments (3)
  • Taiko
    , contributor
    Comments (12) | Send Message
     
    So, is BX buying or selling? Some idea, please. Thanks.
    25 Mar 2014, 08:24 PM Reply Like
  • DAG Investments
    , contributor
    Comments (4132) | Send Message
     
    buying
    26 Mar 2014, 11:15 AM Reply Like
  • DAG Investments
    , contributor
    Comments (4132) | Send Message
     
    (BX) analysis and price target: http://seekingalpha.co...
    26 Mar 2014, 11:15 AM Reply Like
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