Shares of Singapore abaloneç breeder Oceanus Group (OCGL.SI) rose as much as 15% on Friday after news that Kohlberg Kravis Roberts & Co (KKR.N) is in talks to buy the firm in a deal that may be worth around US$500 million.
At 12:11 p.m., Oceanus shares were up 12.5% at $0.27 on a volume of 21.9 million shares.
Private equity firm KKR has lined up financing of $300-400 million from a group of banks, according to one of the sources.
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