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Reuters: General Electric among interested bidders for Italy's Petrolvalves

  • General Electric (GE -0.4%) reportedly is among those preparing binding offers for Italian valve maker Petrolvalves, with Emerson Electric (EMR +0.4%) also considered a "motivated" bidder which could also participate in the final round of the company's auction.
  • The offers could value the Italian company at more than €1B ($1.31B), according to Reuters.
  • Petrolvalves is said to have set a deadline for binding offers towards the end of September in an attempt to sign a deal later this year.
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