Landis+Gyr looks for the best bidder

|By:, SA News Editor

Following the bankruptcy of its Westinghouse Electric nuclear unit, Toshiba (OTCPK:TOSYY) is putting some more assets on the block.

Landis+Gyr has received offers from bidders including Honeywell (NYSE:HON), Goldman Sachs's (NYSE:GS) private equity arm and a consortium of CVC Capital Partners and Hitachi (OTCPK:HTHIY), Bloomberg reports.

Toshiba and the Innovation Network Corp. of Japan bought the smart-meter business in 2011 for $2.3B, including debt.

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