Friday, June 7, 2013

Carlyle's Arinc draws takeover interest from GE, Rockwell-sources

Carlyle Group LP's aerospace communications firm Arinc Inc has drawn early takeover interest from industry conglomerates and private equity firms in an auction that may fetch between $1.3 billion and $1.4 billion, several people familiar with the matter said.

General Electric Co , Rockwell Collins Inc and Thales SA are among aerospace companies that have shown preliminary interest in bidding for Arinc, the sources said on Tuesday.

Major buyout firms are also evaluating a deal and plan to make offers by a June 10 deadline for first-round bids, said the sources, who asked not to be identified because the auction is not public.

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