Aeropostale (ARO) Shares Up 4% Following Reports of PE Interest
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Shares of Aeropostale (NYSE: ARO) are up almost 4% today amid chatter from DealReporter that a number of private-equity firms are showing interest in the retailer. The stock last traded at $24.52.
According to DealReporter, execs at Aeropostale are supposedly "not receptive" to the PE interest and have not yet answered inquiries related to a possible deal. Sources suggest that Aeropostale may not be open to consider a potential sale until after the holiday rush dies down.
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According to DealReporter, execs at Aeropostale are supposedly "not receptive" to the PE interest and have not yet answered inquiries related to a possible deal. Sources suggest that Aeropostale may not be open to consider a potential sale until after the holiday rush dies down.
To continue following this fluid story, track our Rumors category.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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