Cinven Bidding on Wolseley?

Cinven may or may not be considering a buyout bid for Wolseley PLC, a listed UK-based distributor of plumbing and heating equipment. < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />LondonnewspaperCity AM reported that Cinven was prepping a Gbp10 billion bid, which sent Wolseley shares up 8.5%, giving it a market capitalization of approximately Gbp9.1 billion. AFX News has since countered with a report that Cinven is not pursuing such an offer.< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />