Deals Rumor Mill: Saint-Gobain, Sysco, China Telecom

By Benjamin Horney (January 16, 2015, 6:36 PM EST) -- Saint-Gobain SA is hoping to fetch upward of €3 billion ($3.45 billion) in the sale of France-based glass bottle maker Verallia, Reuters reported on Friday. According to the report, Saint-Gobain has officially kicked off the sale process for Verallia, which in 2013 posted earnings before interest, taxes, depreciation and amortization €441 million. Previous reports have pegged Ardagh Group SA as one entity interested in the unit. Ardagh bought Verallia North America earlier this year. Other interested parties could include private equity outfits like Bain Capital, BC Partners and Blackstone LLP, the report said, adding that the sale process is being run by JP Morgan and BNP Paribas....

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