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Stock Market & Financial Investment News

News Breaks
June 24, 2014
06:41 EDTAPPAmerican Apparel co-chairman says firm not up for sale, Reuters says
American Apparel co-chairman Allan Mayer said the firm was not for sale, was not in need of immediate capital, and that the quest for a new CEO to replace ousted Dov Charney had generated "enormous interest," according to Reuters, citing comments from Mayer. Reference Link
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January 23, 2015
09:10 EDTAPPAmerican Apparel rumored to prepare to accept $1.30 per share bid, FT blog says
American Apparel, which previously rejected a $1.40 per share takeover bid as too low, appears to have had a "rethink" and it "appears that $1.30 is just right now" and "a deal is just about done," according to posts in a Financial Times Alphaville Markets Live chat. The chat cautioned that the comments are "market chatter information that has not been formally tested through traditional journalistic channels." Reference Link

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