ENN Twitter
Blackstone considering bid for UK's FKI: paper
LONDON (Reuters) - U.S. private equity firm Blackstone <BX.N> is considering a fresh bid for British engineer FKI <FKI.L>, the Independent newspaper said on Saturday.
The paper, without citing sources, said FKI had invited Blackstone in for talks after receiving a bid proposal of 70 pence a share, or about 412 million pounds ($803 million), from rival Melrose <NYN.L>.
Blackstone was behind an aborted 130-pence-a-share bid proposal for FKI last summer, the Independent said.
Neither Blackstone nor FKI could immediately be reached for comment.
ADVERTISEMENT
(Reporting by Mark Potter; Editing by Ron Askew)
