The Flava of Jag: Five bidders expected for Jaguar and Land Rover
In the second round of Who Wants to Buy an Ailing British Automaker, the bidders are rumored to be India's Tata Motors, One Equity, Ripplewood, TPG and Terra Firm (those last four are mainly buyout groups). Pricing for both brands is expected to be around $1.5 billion – far from Ford's initial hopes of close to $8 billion – and it's safe to expect a third round of talks by the end of the year that will reduce the field down to two or three.
[Source: Automotive News – Sub. Req.]
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