Bloomberg News | A J. Crew shareholder has sued the retailer and TPG Capital over a $3 billion plan to take the clothier private.
TPG
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J. Crew to go private in $3B deal
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 »
