UK’s Aggreko in talks for 2.25 billion pound buyout proposal By Reuters

(Reuters) – Aggreko (LON:AGGK) said on Friday it was in talks over a 2.25 billion pound ($3.09 billion) buyout proposal for the British equipment rental company from a consortium of TDR Capital LLP and I Squared Capital.

The company, which has a contract to supply power equipment for Tokyo 2020 Olympic and Paralympic Games, said TDR and I Squared had made a series of proposals and it was now in talks with them over a possible cash offer of 880 pence per share.