Former Honeywell CEO in talks to buy Vertiv for over $5B

GS Acquisition, led by former Honeywell CEO David Cote, is in discussions to buy US backup power equipment company Vertiv, sources told Reuters. The price could reach more than $5 billion, including debt. GS Acquisition raised $690 million in an initial public offering in 2018 to make an acquisition but it did not let investors […]