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Stock Market & Financial Investment News

News Breaks
June 30, 2014
20:04 EDTAPPFormer CEO Dov Charney bought 27.35M shares of American Apparel stock on June 27
Charney, who was terminated as president and CEO of American Apparel for cause on June 19, now owns 74.56M shares of the company's stock.
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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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