India's Paharpur Cooling Towers Ltd. reportedly is in talks to acquire the cooling business of...

|By:, SA News Editor

India's Paharpur Cooling Towers Ltd. reportedly is in talks to acquire the cooling business of SPX Corp. (SPW +5.7%) for $500M-$600M, and the Indian company’s management is exploring ways to tie up the financing of the deal with several foreign banks  SPX declines to comment.