China South Locomotive Considering Bid for Invensys, Times Says
China South Locomotive & Rolling Stock Corp. is in the early stages of planning a possible 2 billion-pound ($3.14 billion) takeover bid for Invensys Plc (ISYS), the Sunday Times reported, without saying where it got the information.
China South Locomotive, majority-owned by the Chinese government, is also considering making a bid for Italian train maker Ansaldo STS SpA (STS), the newspaper said.
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