Tuesday, November 23, 2010

J. Crew Group Jumps On Buyout Rumor

Shares of J. Crew Group, Inc. (NYSE: JCG) jumped more than after Reuters reported that the U.S. fashion retailer is close to an agreement to be acquired for $43.50 a share, or roughly $2.8 billion, by TPG Capital and Leonard Green & Partners. The deal would include a so-called "go shop" window that would allow J Crew to solicit superior offers. The go-shop period would last through the holidays, allowing potential suitors to see how the retailer performs through the crucial holiday shopping period. Stay tuned for more.

Full Disclosure: None.
Related Posts with Thumbnails

Wikinvest Wire