(Reuters) -British investment firm Rosebank Industries said on Monday it has restarted talks to buy U.S.-based Electrical Components International, which makes wire harnesses, for under $1.9 billion.
Rosebank Industries Revives Acquisition Plans for ECI Under $1.9 Billion
(Reuters) -British investment firm Rosebank Industries said on Monday it has restarted talks to buy U.S.-based Electrical Components International, which makes wire harnesses, for under $1.9 billion.
Rosebank, which specialises in acquiring and improving businesses before selling them, said in February it was in talks to buy ECI but dropped the plans in March citing political and equity markets volatility.
Global financial markets saw an extended bout of turbulence earlier this year, triggered by shifting trade policies after U.S. president Donald Trump introduced tariffs and then made a U-turn, spooking investors around the world.
Rosebank on Monday said the full terms of the proposed deal remain confidential at this stage.
(Reporting by DhanushVignesh Babu in Bengaluru; Editing by Janane Venkatraman)
