Private equity firm TPG Capital LP is among those looking to purchase Macdon Industries Ltd., according to a Reuters report that references three unnamed sources. The Canadian manufacturer makes windrowers, draper headers for combines and other agricultural equipment.
(See related photos: New MacDon Equipment, 2007 to 2012)
The sources tell Reuters that TPG Capital is "working on making a binding bid for MacDon by the mid-July deadline for final offers," the report states.
Reuters first broke news of the MacDon sale in April.