2024-06-26 13:05:28 ET
- Barnes Group's ( NYSE: B ) stock jumped as much as 8.5% Wednesday on a report that the maker of parts for military turbine engines and other products is exploring strategic options including a sale.
- The company is working with advisers to solicit interest from potential buyers including private equity firms, Bloomberg News reported, citing people familiar with the matter.
- No final decision has been made on a deal. It's possible the company will decide to remain public.
- Barnes ( B ) has 43 manufacturing locations with 5,700 employees.
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Barnes Group's stock jumps on report of possible sale