Daikin Industries, one of the world's largest producer of air-conditioners, confirms reports...

Daikin Industries, one of the world's largest producer of air-conditioners, confirms reports that it will buy U.S. rival Goodman Global from P-E firm Hellman & Friedman, with the Japanese company agreeing to pay ¥296B ($3.77B). Daikin expects to complete the acquisition in Q4 and that the transaction will generate synergies of ¥24B in three years. (PR)