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KKR & Co LP Nears $1 Billion Melrose Industries Plc's Crosby Group Deal-Reuters

Sunday, 6 Oct 2013 12:10pm EDT 

Reuters reported that KKR & Co LP is nearing a deal to acquire lifting equipment company Crosby Group LLC for around $1 billion. A deal for Crosby, a unit of British engineering company Melrose Industries Plc, is close to being finalized and could be announced on October 7, 2013 or even earlier. Representatives for KKR did not immediately respond to requests for a comment.