Arconic stock jumped 11.6% following a Wall Street Journal report that the aerospace fastener and components manufacturer is considering takeover approaches from at least two private equity firms willing to pay “a price in the mid-$20s.”

Blackstone and Carlyle made a joint approach to Arconic, which includes Alcoa’s former $1.8 billion Fastening Systems and Rings business. In addition, Apollo Global Management has expressed interest, as well as Canadian private equity firm Onex.

Arconic’s board reportedly plans to discuss the possibility of a sale ahead of its earnings report next week, WSJ reports.

Arconic had $13 billion in revenues in 2017 and employs about 1,550 people at five facilities in Texas, and more than 7,000 worldwide. Web: Arconic.com

If a deal is reached, Arconic would become the second major aerospace fastener supplier to be acquired in recent months.

In May, Boeing agreed to acquire aerospace fastener supplier KLX Inc. for $4.25 billion. The agreement comprises an all-cash transaction for $63 per share and the assumption of approximately $1 billion of debt.

With approximately 2,000 employees, KLX’s Aerospace Solutions Group is headquartered in Miami, with facilities in more than 15 countries. KLX – the former B/E Aerospace fastener division – distributes fasteners, bearings and other parts for commercial, military and business jets and provides logistics services. Web: KLX.com