Blackstone has recruited Credit Suisse to evaluate an offer for FKI after rival bidder Melrose Plc <NYN.L> raised its cash-and-shares bid proposal to 500 million pounds ($1 billion), worth some 82.1 pence a FKI share, which came after a 70p initial approach from Melrose in early February.
LONDON (Reuters) - U.S. private equity group Blackstone <BX.N>, which last year walked away from bid talks with FKI <FKI.L>, has hired bankers to examine making a counter bid for the engineering group, the Sunday Telegraph reported.
Blackstone has recruited Credit Suisse to evaluate an offer for FKI after rival bidder Melrose Plc <NYN.L> raised its cash-and-shares bid proposal to 500 million pounds ($1 billion), worth some 82.1 pence a FKI share, which came after a 70p initial approach from Melrose in early February.
FKI and Blackstone were not immediately available to comment.
