11:58 AM EDT, 06/12/2024 (MT Newswires) -- Shell (SHEL) has emerged as the frontrunner to buy the assets of Pavilion Energy, in a deal that would boost the energy company's liquefied natural gas activities, Bloomberg reported Wednesday, citing people familiar with the matter.

Pavilion is a wholly owned subsidiary of Temasek Holdings, which was seeking over $2 billion for the business, the people reportedly told Bloomberg.

(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: 70.61, Change: +0.32, Percent Change: +0.46