Lgl Group shares rise 2.39% after-hours following TPG Capital's acquisition agreement.

The Lgl Group, Inc. rose 2.39% in after-hours trading, with the company's stock price increasing following the announcement that TPG Capital Asia managed by TPG Capital (Australia) Pty Ltd agreed to acquire Lynch Group Holdings Limited for approximately AUD 270 million. The acquisition includes a cash consideration of AUD 274.04 million valued at AUD 2.245 per share, which is expected to be paid towards the common equity of Lynch Group Holdings Limited.