--Carlyle Group Inc. is nearing a deal to acquire Siemens AG's mechanical-drive unit Flender for around two billion euros ($2.37 billion), Bloomberg reports, citing people familiar with the matter.

--An agreement could be announced as early as this week, according to the news outlet.

--The U.S. company outbid Brookfield Asset Management Inc., Bloomberg says, but talks could still be delayed or fall apart.

Full story: https://bloom.bg/3jyuBBn

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(END) Dow Jones Newswires

10-26-20 0248ET