05:41 AM EST, 11/29/2024 (MT Newswires) -- TPG (TPG) is in late stage talks to buy a controlling stake in Hasfarm Holdings from existing holders, including Lombard Investments, Bloomberg News reported Friday, citing people familiar with the matter.

Hasfarm, an Asian flower business, could be valued at about $500 million under a deal that could be announced in the coming weeks, the report said. The talks are still ongoing and may not push through, sources told the news outlet.

TPG, Lombard and Hasfarm did not immediately respond to MT Newswires' requests for comment.

TPG shares were up nearly 3% in recent premarket activity.

(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.)