Canadian takeover firm Onex Corp is in talks to purchase a UK safety and survival equipment maker from Warburg Pincus LLC for about 450 million pounds ($704 million), Bloomberg reported, citing three people with knowledge of the discussions. The two private equity firms are negotiating a price for Survitec Group Ltd and a deal is expected before the end of the month, Bloomberg reported. (bloom.bg/1zMvE48)Private equity firms were preparing to submit final offers for Survitec, Thomson Reuters Loan Pricing Corp reported early last month.Survitec provides survival products from life jackets to anti-gravity suits to the marine, aviation and defense industries among others.Onex did not immediately respond to an email seeking comment. Warburg Pincus and Survitec were not immediately available for comment.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.5% or $-0.2/share to $39.74. In the past year, the shares have traded as low as $33.21 and as high as $40.66. On average, 752416 shares of TRI exchange hands on a given day and today's volume is recorded at 795605.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.2% or $0.09/share to $45.35. In the past year, the shares have traded as low as $36.86 and as high as $46.50. On average, 713636 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 695236.
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