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Deals Rumor Mill: Landis & Gyr, BNP Paribas, Ant Financial

By Benjamin Horney (May 4, 2017, 5:17 PM EDT) -- Toshiba Corp. has rejected preemptive bids for its stake in Swiss power meter manufacturer Landis & Gyr AG, Reuters reported on Thursday, and will instead see if it can get a higher price at auction. Bids are due May 22, the report said, and numerous suitors are expected to make offers, including Advent International, BC Partners, The Blackstone Group LP, Carlyle Group LP, Onex Corp., Clayton Dubilier & Rice and KKR & Co. LP. Reports in early March said a sale of Toshiba's 60 percent stake could bring in as much as $2 billion....

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