Investing.com -- Virginia Transformer Corp., a US-based transformer manufacturer, is reportedly considering a sale that may value the company at over $6 billion, Bloomberg News reported on Thursday.
The company, headquartered in Roanoke, Virginia, is working with an adviser to assess potential buyer interest, the report said, citing people familiar with the matter.
The discussions are still in progress, and it remains uncertain whether Virginia Transformer will ultimately decide to go ahead with the sale, the report added.
The news about the deal comes at a time when the demand for electricity is significantly high.
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