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Deals Rumor Mill: Gates Global, Vectren, Eletrobras

By Benjamin Horney (August 22, 2017, 4:43 PM EDT) -- Blackstone Group LP is mulling an initial public offering of shares in Gates Global LLC that could value the manufacturer of industrial machinery at $7 billion or more, according to a Tuesday report from Reuters. Blackstone may look to hire underwriters within the next few months, with an aim of 2018 for the actual IPO, according to the report. Blackstone paid $5.4 billion to acquire Gates Global three years ago....

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