01:55 PM EST, 11/10/2025 (MT Newswires) -- (Update with TPG's response to a request for comment in the third paragraph.)

TPG (TPG) is closing in on a deal to acquire infrastructure services company Pike, Bloomberg reported Monday, citing people familiar with the matter.

The deal would value Pike at over $5 billion, including debt, the report said, citing the people.

TPG declined to comment to 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: 55.61, Change: +0.48, Percent Change: +0.87