Schneider Gets Sensors Bids From Avago, Carlyle, Les Echos Says
Schneider Electric SA (SU) has received bids for its Custom Sensors & Technologies unit from Avago Technologies Ltd. (AVGO) and from Carlyle Group LP (CG) and PAI Partners SAS acting together, Les Echos reported, citing unidentified informants.
Avago, which may be better placed, is mostly interested in the unit’s U.S. activities, while Carlyle is ready to buy the whole business, the newspaper said.
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