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>> RUE21 Latest News

SEP 12, 2013 - TheStreet

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The Deal: Continuing Slow Sales Send Rue21 Shares Down

NEW YORK (The Deal) -- Teen apparel retailer Rue21 filed financial data for its second quarter and other data to be supplied to potential lenders for its $990 million buyout by Apax Partners LP. The May 23 deal offers $42.00 per share in cash for Rue21, and the shares have been down this week over concerns about the industry's performance. Rue shares traded down 25 cents Thursday to $41, at a spread of $1, or 2.4%. The buyout goes to a vote of Rue21 shareholders Sept. 19. Apax affiliate SKM II owns about 30% and has committed to support the deal. ... Click ... Read More

Tags: The Deal: Continuing Slow Sales Send Rue21 Shares Down,  Rue21 Latest News