Apax: Purchase of Mannesmann Plastics Machinery in question

A British publication is reporting that Apax Partners & Co. Ventures Ltd. “has abandoned” its deal to buy the giant Mannesmann Plastics Machinery AG , the world’s largest manufacturer of plastics equipment, from Siemens AG. Despite the press report that Apax is pulling out, a U.S.-based executive said it appears that negotiations over the deal actually are continuing.

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