News Snapshot:
M&As MBK Partners to sell Korean Doosan Machine Tools for $2.1 bn South Korea’s DTR Automotive agrees to buy the machine tools maker for business diversification By 18 MINUTES AGO MBK Partners, a North Asia-focused private equity firm, agreed to sell South Korean Doosan Machine Tools at $2.1 billion to the country’s DTR Automotive. MBK Partners signed a share purchase agreement (SPA) with DTR Automotive, a producer of batteries, tires and auto parts, according to investment banking (IB) industry sources on Aug. 13. DTR Automotive was known to pay about 2.5 trillion won ($2.1 billion) to diversify its business portfolio....
