SINGAPORE, May 2 (Reuters) - Disk drive component maker
Unisteel Technology rose as much as 6.8 percent to
S$1.72 after sources told Reuters the firm has attracted interest
from four major buyout firms.
Analysts have said a deal forUnisteel could be worth around
S$800 million ($588 million).
U.S. private equity firms Bain Capital and Kohlberg Kravis
Roberts & Co. [KKR.UL] are seen as having the strongest interest
in Unisteel, sources said on Friday, adding Carlyle Group [CYL.UL] and TPG
Capital [TPG.UL] are also bidding
[ID:nHKG56756].
The auction is being run by Macquarie''s investment
banking group, sources said, and is past the first round of bids.
A Unisteel spokesman declined to comment,referring to a
statement last month that said it was undergoing a strategic
review.
0622 GMT - Straits Times Index <.FTSTI> up 2.51 percent.