The confirmations keep on coming for little old Betaville.
This morning FTSE 100-listed Ferguson announced it has struck a deal to sell plumbing merchant Wolseley to Clayton Dubilier & Rice, whose advisers include Sir Terry Leahy, for just over £300 million. Below is the link to the Ferguson statement:..
Three private equity firms are said to be in the running to buy Wolseley UK from FTSE 100-listed Ferguson.
People following the situation said Clayton Dubilier & Rice, Epiris and HIG Capital are competing in the final round of the Wolseley auction.
Final round bids for Wolseley are due in the next few days, said these people.
It's thought Wolseley, one of Britain's biggest building merchants, could change hands for between £400 million and £600 million...
Bloomberg just "revealed" that FTSE 100-listed Ferguson is shopping builders' merchant Wolseley to potential buyers after failing to demerge the business. Below is the link:
It sounds like blue-chip builders' merchant Ferguson really wants to get rid of Wolseley, one of Britain's largest suppliers to builders, plumbers and tradesmen.
According to Betaville's moles in the City of London, Ferguson has asked advisers from NM Rothschild to garner interest from buyers, such as private equity firms, for Wolseley UK...