Buyout Firms Abandoned Siemens Energy Stake Talks Before Plunge

Several private equity firms dropped talks to buy a Siemens Energy AG stake in recent months over concerns about its unpredictable business nature, a decision vindicated by the company’s Thursday profit warning. Blackstone Inc., KKR & Co. and Clayton Dubilier & Rice each held discussions to acquire a major chunk of Siemens AG’s 32% stake … Read more

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