United Technologies may edge out PE for FirePro buyout
US-based United Technologies has reportedly emerged as the front runner to buy Bangalore-based fire-protection firm FirePro Systems for $200 million – an asset that is said to also have been courted by global private equity firms.
Citing bankers close to the deal, The Business Standard reported that United Technologies' $6.5 billion subsidiary UTC Fire & Security would acquire the unit. United Technologies itself claims $54 billion...
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