Carlyle May Bid For Shanks
Carlyle Group plans to bid for British waste management company, Shanks Group.
Private equity firm, Carlyle Group, is planning to bid for British waste management company, Shanks Group, The Wall Street Journal reports. Shanks rejected an $855 million offer from an unnamed private equity group, earlier this month.
The U.K. company will consider an offer of 150 pence a share, valuing the company at around $957.5 million. Shanks is backed by shareholders, Schroders Investment Management and Legal & General Investment Management, adds Financial Times.
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