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Investing.com -- Boeing (NYSE:BA)’s navigation unit, Jeppesen, has attracted bids from several private equity firms and at least one aerospace supplier, with the bidding price exceeding $8 billion, according a Reuters report on Friday.
Boeing is preparing to invite final offers for Jeppesen from these interested parties in the forthcoming weeks, according to the report.
In the past few weeks, several private equity firms have formed alliances to pursue a joint acquisition of Jeppesen. These consortiums include Vista Equity and Warburg Pincus; Advent International and Permira; and TPG and Francisco Partners, Reuters added.
The list of remaining bidders includes aircraft parts manufacturer TransDigm and technology-centric buyout firms Thoma Bravo and Silver Lake, who are placing their bids independently.
The report also revealed that Honeywell (NASDAQ:HON) and Carlyle had shown interest in acquiring Jeppesen. However, it remains uncertain whether these two companies will submit their final offers.
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