Carlyle raises Xugong offer by 20%

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

1 minute readNovember 30, 2006 at 11:58 PM

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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 is willing to pay a total of US$228 million to Xugong for shares priced at Rmb2.41 each.

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