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Deals Rumor Mill: McDonald's, Rosneft, Expedia

By Chelsea Naso (September 2, 2016, 3:19 PM EDT) -- Two U.S. private equity firms have adopted a similar strategy in their pursuit of McDonald's outlets in China and Hong Kong, with each pairing up with a different strategic bidder to match the fast food chain's desire to have more long-term partners, Reuters reported on Friday. The Carlyle Group LP is said to have joined forces with Chinese state conglomerate CITIC Group Corp., and TPG Capital is working with Beijing Capital Agribusiness Group Co. Ltd.  to make binding offers before the mid-September deadline, the report said. The deal is expected to be worth between $2 billion and $3 billion. ...

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