Buyout, aerospace firms close in on $8 billion-plus Boeing navigation unit, sources say
Several private equity firms and at least one aerospace supplier are among the remaining bidders competing to buy Boeing's Jeppesen navigation unit for more than $8 billion, according to people familiar with the matter. Boeing is expected to invite bids for Jeppesen from the suitors in the coming weeks, six sources told Reuters, requesting anonymity as the discussions are confidential. In recent weeks, several private equity firms have joined together to pursue a buyout of Jeppesen.