Sunday, June 10, 2007

UPDATE 1-Dubai's DAE says funds for $1.8 bln US buy agreed

(Reuters) - DAE will buy Standard Aero Holdings Inc. and
Piedmont/Hawthorne Holdings Inc. from private equity firm
Carlyle Group [CYL.UL] for $1.8 billion, according to a
regulatory filing on April 2. [ID:nN02413923] The deal still
needs U.S. government approval.




"The funding for that transaction is complete," Michael
Killian, DAE's treasurer told Reuters in Dubai. "It's not all
equity." He declined to give details.


Read more at Reuters.com Bonds News

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