Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Clothing retailer J. Crew Group Inc. is set to settle a shareholder lawsuit over its proposed takeover by private equity firms TPG Capital and Leonard Green & Partners LP.
A $2.86 billion deal to acquire J. Crew was announced on Nov. 23, with TPG Group and Leonard Green & Partners LP agreeing to buy the company for $43.50 a share, a premium of about 15 percent. Get the full story »
From Bloomberg News | Sears Holdings Corp. opted not to rival a $3 billion bid for clother J. Crew Group Inc. from TPG Capital and Leonard Green & Partners LP, said two people familiar with the matter. Get the full story>>
Sears Holdings Corp. and Urban Outfitters Inc. are examining the financial books of J. Crew Group Inc. in consideration of possible bids for the clothing retailer, a source familiar with the situation said Wednesday.
J. Crew, which also operates a website and catalog, has already agreed to be acquired by TPG Capital LP and Leonard Green & Partners LP for $2.86 billion. It can solicit other bids until Jan. 15.
Neither Sears nor Urban Outfitters has indicated whether it would submit a bid to compete with TPG and Leonard Green’s $43.50 per share offer, the source said. Get the full story »
Bloomberg News | A J. Crew shareholder has sued the retailer and TPG Capital over a $3 billion plan to take the clothier private.
J. Crew says it will be taken private in a deal with two investment firms, including its former parent, worth $3 billion.
The preppy retailer will receive $43.50 per share to private equity firms TPG Capital and Leonard Green & Partners, confirming media reports Monday. That is a 16 percent premium to the stock’s closing price of $37.65. Get the full story »
