Leonard Green

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Jan. 5 at 12:50 p.m.
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Filed under: M&A, Retail

Sears considering bid for J. Crew

By Reuters

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 »

Nov. 23, 2010 at 9:46 a.m.
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Filed under: M&A, Private equity, Retail

J. Crew to go private in $3B deal

By Associated Press

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 »