Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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From: E_K_S	12/2/2019 2:26:40 PM
	of 7255

GS Acquisition in talks to buy Vertiv for $5B-plus - Reuters Dec. 2, 2019 2:24 PM ET\|About: GS Acquisition Holdings Corp (GSAH)\|By: Carl Surran, SA News Editor GS Acquisition Holdings ( GSAH +0.9%), led by former Honeywell CEO David Cote and backed by Goldman Sachs, is in talks to buy U.S. backup power equipment firm Vertiv for more than $5B including debt, Reuters reports. GS Acquisition could use the money it raised in last year's IPO, in addition to debt financing, to acquire Vertiv from P-E firm Platinum Equity, according to the report. Vertiv is the former network power business of Emerson Electric (NYSE: EMR), which Platinum Equity acquired three years ago for ~$4B; EMR kept a minority interest in the company.

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