Triumph Group jumps after Bloomberg Law reports co considering a sale

Triumph

10/10/2024 21:00

** Shares of aircraft parts maker Triumph Group  TGI.N  jump
24.8% to $14.50 in afternoon trading
    ** Co is exploring options, including a sale, according to a
report by Bloomberg Law
    ** TGI, which has a market cap of $851 mln, is working with
a financial adviser to solicit interest from potential buyers
and private equity firms, the report added
    ** As of previous close, TGI shares have declined 29.73% YTD

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))