Buyout firm The Blackstone Group has agreed to buy Denver-based industrial manufacturer Gates Global from its current owners in a $5.4 billion deal announced Friday. Also, India's Sun Pharmaceutical Industries will become the world's fifth-largest generic drug maker with its $3.2 billion buy of struggling rival Ranbaxy Laboratories.
April 10, 2014 at 12:00 AM
1 minute read
By Tom Huddleston Jr.
Buyout firm The Blackstone Group has agreed to buy Denver-based industrial manufacturer Gates Global from its current owners, private equity firm Onex and the Canada Pension Plan Investment Board (CPPIB), in a $5.4 billion deal announced Friday.
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