UK's Goodwin slumps; report says Cerberus nearing deal for unit
BUZZ-UK's Goodwin slumps; report says Cerberus nearing deal for unit Updates with share move in 1st bullet, Goodwin commentary bullet 5
** Shares of mechanical engineering company Goodwin GDWN.L closed down 23.2% at 15,440 pence after spiking on a media report that said Cerberus was nearing a deal for its unit
** U.S. private equity firm Cerberus is nearing a £1 billion ($1.36 billion) deal for Goodwin's defence business, FT reported
** The deal could be reached within days, report said, citing people familiar with the matter
** Any deal with a foreign buyer for Goodwin's defense assets could attract scrutiny by the UK government
** Goodwin declined to comment and Cerberus did not respond to Reuters' requests for comment
** In August, Goodwin said it was exploring a potential sale of parts of its mechanical engineering business as it embarked on a broader strategic review
** GDWN down ~23% YTD
($1 = 0.7378 pounds)
(Reporting by Nithyashree R B and Tuhina in Bengaluru)
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