However, both The Times of London, which first broke the story, and the FT as usual sited unnamed sources. Both stories offered different details but never contradicted each other. Both reported U.S. defense firm L-3 Communications Holdings Inc. and buyout firm Carlyle Group as bidders, but only the Times listed Leighton Holdings Ltd., an Australian industrial conglomerate. The Times was the only publication to list an offer price, but the FT was the only to offer a bookrunner, UBS. Tenix reportedly put its defense business on the block in October, according to the FT.
Tenix is one of Australia's largest privately held companies and has interests not only in defense, but also infrastructure management. It was first established as a shipbuilder in 1997. — Matthew Wurtzel
See the story from The Times of London
See the story from The Financial Times via MSNBC.com
