05:12 PM EDT, 10/10/2024 (MT Newswires) -- Triumph Group ( TGI ) is exploring options that may include a sale of the company, Bloomberg reported Thursday, citing people familiar with the situation.

The aircraft parts maker is working with a financial to seek takeover interest from buyers and private equity firms. However, the process is still in the early stage and the company could decide not to proceed with its plan, the people reportedly said.

Bloomberg said a representative for Triumph declined to comment.

Triumph didn't immediately respond to a request for comment by 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.)

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