KPS Is Said to Lead Bidding for €3 Billion Siemens Motors Unit [Yahoo! Finance]
SIEMENS AG SPONS ADR (SIEGY)
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Source: Yahoo! Finance
Most Read from Bloomberg Tesla Axes Supercharger Team in Blow to Broader EV Market Amazon Reports Strong Cloud Unit Sales on Rising AI Demand Pot Stocks Surge on Report DEA Set to Reclassify Marijuana HSBC CEO Quinn Unexpectedly Steps Down After Almost 5 Years Binance Founder Changpeng Zhao Gets Four Months in Prison The private equity firm is poised to beat out rival suitors including Japan's Nidec Corp. and is negotiating final terms of a deal, the people said, asking not to be identified because the information is private. They have been discussing a valuation of about €3 billion ($3.2 billion) for Innomotics, according to the people. KPS could reach an agreement as soon as the coming days, the people said. Deliberations are ongoing, and talks could still drag on longer or fall apart, the people said. Spokespeople for Siemens and KPS declined to comment, while a representative for Nidec said they couldn't comment on the matter. New York-based KPS is known in Germ
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