02:05 PM EST, 11/11/2024 (MT Newswires) -- Blackstone (BX) is nearing a deal to acquire a minority stake in American Industrial Partners, Bloomberg reported Monday, citing people with knowledge of the matter.

A deal, if reached, may be announced in the coming weeks, the report said.

American Industrial Partners declined to comment, and Blackstone didn't respond to requests for comment, Bloomberg said.

The companies didn't immediately respond to requests for comment from MT newswires.

(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: 182.16, Change: +4.70, Percent Change: +2.65