Temasek Set to Buy $7 Billion Bridgepoint Testing Business
- Singapore investment firm said to buy Element Materials unit
- Temasek, which owns minority stake, could announce deal Monday
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Singapore state-owned investor Temasek Holdings Pte is nearing a deal to buy testing company Element Materials Technology from buyout firm Bridgepoint Group Plc for almost $7 billion, people familiar with the matter said.
Temasek, which is already a minority owner in the business, could announce an agreement as early as Monday, said the people, who asked not to be identified because discussions are private.