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Bain Capital LLC is in final discussions to buy Apex Tool Group, a joint venture between Danaher Corp. (NYSE: DHR) and Cooper Industries Plc (NYSE: CBE), according to a report from Reuters.
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Bain is expected to pay between $1.5 billion and $1.8 billion for the business, people familiar with the matter said, asking not to be identified because the negotiations are not public.
Platinum Equity LLC and American Securities LLC also participated in the auction for the maker of industrial hand and power tools, Reuters reports.