True Religion Apparel (TRLG) May Not Command a High Price in a Deal

October 12, 2012 12:15 PM EDT
True Religion Apparel Inc. (NYSE: TRLG) could see some volatility with reports from dealReporter coming out suggesting the company will unlikely get a high price in a takeover.

Shares of True Religion rocketed 22.4 percent higher on Wednesday after announcing it has hired a banker to explore a sale. Shares are currently up fractionally to $25.87.

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