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>> AMERICAN EXPRESS Latest News

JUN 13, 2014 - TheStreet

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Will Express Lead to Other Retailers Being Snapped Up?

NEW YORK (TheStreet) -- Private equity firm, Sycamore Partners, announced last night in a Securities and Exchange Commission filing it had purchased a 9.9% stake in Express with intentions to acquire the teen retailer, but analysts are already speculating if there will be more retailers heading down the M&A rabbit hole. The Sycamore filing will "lead to a search for the next potential M&A candidate in specialty," Wedbush Securities analyst Morry Brown wrote in a June 12 research note to clients. "We note the most attractive candidates are likely to screen in the bottom half of the ... Read More

Tags: Will Express Lead to Other Retailers Being Snapped Up?,  American Express Latest News