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Carlyle Group/ Boyu Capital Reportedly Lead Joint Bid for Starbucks CN Biz Valued at US$4B
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Private equity groups The Carlyle Group (CG.US) and Boyu Capital have formed a consortium to engage in exclusive negotiations for acquiring Starbucks (SBUX.US)'s China business, with the transaction valued at approx. US$4 billion, the Financial Times quoted insiders as saying. These two groups are currently seen as Starbucks' preferred partners, the report quoted three individuals close to the transaction process as saying. The above US$4 billion valuation does not include royalty fees that are still under negotiation. Starbucks' senior executives are expected to make a decision by the end of this month, although the final timeline is not yet confirmed. AASTOCKS Financial News Website: www.aastocks.com |
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