Toshiba Said to Be Near More Than $2 Billion Deal for Landis+Gyr

Toshiba Corp. is near an agreement to buy Landis+Gyr AG, a Swiss electronic-metering company, for more than $2 billion, said two people with knowledge of the matter.

The companies may announce the sale in the coming days, said the people, who declined to be identified because the details are private. Tokyo-based Toshiba beat private equity firms TPG Capital and EQT Partners AB, which also submitted takeover proposals by a May 9 deadline, the people said.