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TPG Said to Be in Talks to Buy American Tire for $1.2 Billion

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April 21 (Bloomberg) -- TPG Inc., David Bonderman’s private-equity firm, is in talks to buy American Tire Distributors Holdings Inc. for about $1.2 billion from a group of private-equity firms, according to two people with knowledge of the discussions.

An agreement may be announced as early as this week, said the people, who declined to comment because the talks are private. American Tire’s current owners include Investcorp SA, Berkshire Partners LLC, and Greenbriar Equity Partners LLC.

TPG spokesman Owen Blicksilver declined to comment. Messages left at Investcorp, Berkshire Partners and Greenbriar were not immediately returned.

To contact the reporter on this story: Cristina Alesci in New York at Calesci2@bloomberg.net;

To contact the editor responsible for this story Christian Baumgaertel at cbaumgaertel@bloomberg.net

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