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Update: Market Chatter: KKR Nears Deal to Acquire Integer

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(Updates to add KKR's response in the fourth paragraph.)

KKR (KKR) is nearing a deal to acquire Integer (ITGR), valuing the medical-device outsourcing company at about $127 a share, The Wall Street Journal reported Friday, citing people familiar with the matter.

The deal could be announced as soon as next week, the report said, adding that there are no guarantees that a deal will materialize.

Shares of Integer were up 20.2% in Friday trading.

A spokesperson for KKR declined to comment, while Integer did not immediately respond to' request for comment.

(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: $101.52, Change: $+0.54, Percent Change: +0.53%

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