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Stock Market & Financial Investment News

News Breaks
June 27, 2014
18:50 EDTAPPAmerican Apparel founder in deal to attempt to purchase 10% of company stock
In a regulatory filing, American Apparel founder Dov Charney said he may purchase 10% or more of the company's stock via funds loaned to him from Standard General LP. Charney said he will continue to urge the company to take the necessary steps to increase the value of the stock as well as make changes to the board.
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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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