(YPCORP, NR)
*STONEPEAK SAID IN EXCLUSIVE TALKS ON $2.1 BILLION YINSON BUYOUT
Malaysian oil services business, Yinson Holdings, is reported to be in talks with NY based private equity Stonepeak Partners for a potential buyout with the founders. According to Bloomberg the firm is valued at as much as $2.1bn. No confirmation as yet.
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TYM5 has traded lower within a range of 111-04 to 111-11 during the Asia-Pacific session. It last changed hands at 111-10, unchanged from the previous close.