Blackstone close to $5.5 billion-plus Gates takeover -sources



The buyout firm is in the final stages of negotiations with Gates' private equity owners, Onex Corp (OCX.TO) and the Canada Pension Plan Investment Board (CPPIB), and the two sides are aiming to finalize an agreement by early next week, the people said on Tuesday.
Blackstone is preparing to do the deal on its own after another buyout firm, TPG Capital Management LP TPG.UL, with which it had teamed up to submit a joint bid two weeks ago, decided not to back a higher bid to meet Gates' price expectations, the people said. The pair had bid around $5.4 billion then, one person said.
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26 March 2014 in Business, Views: 33
Source: Reuters
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