Exclusive: Former Honeywell CEO in bid talks for Vertiv - sources
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(Reuters) - A company led by former Honeywell International Inc chief executive David Cote and backed by Goldman Sachs Group Inc is in talks to acquire U.S. backup power equipment firm Vertiv for more than $5 billion (£3.90 billion), including debt, according to people familiar with the matter.Cote's firm, GS Acquisition Holdings Corp , is a so-called special purpose acquisition company (SPAC), which raised $690 million in an initial public offering last year to buy a company without telling..