Rumors began swirling last night that J.Crew Inc., clothier to the prep-set, was close to an agreement to sell itself to private equity groups TPG Capital and Leonard Green & Partners. As of early Tuesday, the sale was official.
The deal is valued at roughly $3 billion, with TPG and Leonard Green paying $43.50 per share. A special committee of J. Crew’s board of directors took part in the negotiations and ultimately recommended the sale to the full board.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
