Invensys Attracts Attention From 4 Possible Bidders - Report
May 13 2012 - 09:38AM
Dow Jones News
Invensys PLC (ISYS.LN) has been approached informally over the
past few weeks by four overseas firms which are interested in
bidding for the U.K. engineering firm, the Sunday Times
reports.
The paper says Invensys has attracted attention from Siemens AG
(SI), ABB Ltd. (ABBN.VX), Emerson Electric (EMR) and General
Electric Co. (GE).
Invensys has a market capitalization of GBP1.6 billion, but
could fetch more than GBP2 billion if a bidding war breaks out, the
paper says, without citing sources.
The report says the potential bidders "are thought" to have
discussed options ranging from a purchase of the whole company to a
breakup.
An Invensys spokesperson couldn't be immediately reached for
comment.
Newspaper website: http://www.timesonline.co.uk
-London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320
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