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Friday, January 14, 2011

Japan's Daikin eyes Goodman Global; deal could cost $4 bln

Japanese air-conditioner maker Daikin Industries is considering buying U.S. rival Goodman Global among other acquisition targets, the company's CEO said, in what could be a $4 billion deal. San Francisco-based private equity firm Hellman & Friedman has put Goodman on the auction block and contacted a number of potential bidders, including Daikin, a source familiar with the matter told Reuters last month. [ID:nTOE6B6037] Noriyuki Inoue, chief executive of the world's second-largest air-conditioner maker, confirmed on Friday that Daikin had been approached about Goodman and said the company would have to weigh the potential merits of a transaction.

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