Publishing date: Dec 22, 2020 • December 22, 2020 • 2 minute read •
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(Bloomberg) Kingspan Group Plc and Standard Industries Inc., two of the final suitors for Bridgestone Corp.’s Firestone Building Products unit, have dropped out of the bidding, people with knowledge of the matter said.
The companies decided against submitting offers by Monday’s deadline, the people said, asking not to be identified because the information is private. Firestone Building Products was expected to fetch more than $2.5 billion, Bloomberg News reported previously.
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