(Updates with recent share movement in the headline and the final paragraph and TPG's response to a request for comment in the third paragraph.)
TPG's (TPG) climate investment arm is in talks to acquire solar company Altus Power (AMPS), Reuters reported Monday, citing people familiar with the matter.
If the talks are successful, a deal could be signed in the coming weeks, the people reportedly told Reuters.
TPG declined to comment to MT Newswires. Altus Power did not immediately reply to a request for comment.
Altus Power shares were up nearly 14% while TPG shares were down 1.7% in recent trading.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Price: 63.79, Change: -1.03, Percent Change: -1.59
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