Ann Taylor Reportedly In Talks With Golden Gate Capital For A Buyout

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People close to the matter claim that the management is in advanced one-on-one negotiations with the private equity firm, and the deal could be finalized sometime this week. Still, there is no certainty that the ongoing talks will reach a conclusion and Ann could remain a publicly traded company. The deal could value the company at around to $2 billion, which is about 10% premium to its market cap as well as our value estimate for the company. Following the report, the company’s shares jumped 12%, indicating the investor optimism around the potential deal.

Vía Forbes Real Time http://ift.tt/1zTjStM