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The Carlyle Group (NYSE:CG) is said to be nearing its $5 billion acquisition of E.I. du Pont de Nemours and Company’s (NYSE:DD) auto paint division, reports the New York Post. The transaction, which is said to be at approximately 8 times earnings before interest and taxes, would make offers by Apollo Global Management, LLC (NASDAQ:APO), and The Blackstone Group. L.P. (NYSE:BX) moot.
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Shares of Best Buy Co. (NYSE:BBY) spike Monday but don’t drop back very far, as the firm confirms receiving a bid from founder Richard Schulze to buy out its shareholders at $24 to $26 per share. Schulze will have to raise between $1 billion and $2 billion from private equity firms and obtain from $7 billion to $8 billion in debt secure the deal, says BB&T Capital Markets.
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