Carlyle raises Xugong offer by 20%

November 30, 2006 | BY

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American private-equity firm Carlyle Group has increased its bid for part of Xugong Group Construction Machinery by 20%, reports the Financial Times. Carlyle…

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American private-equity firm Carlyle Group has increased its bid for part of Xugong Group Construction Machinery by 20%, reports theFinancial Times. Carlyle is willing to pay a total