11:50 AM EDT, 10/04/2024 (MT Newswires) -- (Updates with Barnes Group's ( B ) latest stock movement in the headline and first paragraph.)

Barnes Group ( B ) shares rose over 12% in recent Friday trading after Reuters reported that Apollo Global Management ( APO ) is discussing a potential acquisition that could value the aerospace components manufacturer at over $45 per share.

Barnes is negotiating granting exclusivity to Apollo, and if talks are successful, a deal could be signed in the coming weeks, the report said, citing unnamed people familiar with the matter.

A transaction is not yet guaranteed as another suitor may still emerge, Reuters reported.

Both companies did not immediately respond to MT Newswires' requests for comment.

(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: 134.81, Change: +3.45, Percent Change: +2.63