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Stock Market & Financial Investment News

News Breaks
July 8, 2014
06:26 EDTAPPLion Capital demands repayment of $10M loan from American Apparel, NY Times says
Lioin Capital has demanded immediate repayment of a $10M loan it made to American Apparel after negotiations over new terms failed, reports the New York Times, citing a person with knowledge of the situation. A potential new benefactor, Standard General, is considering making the repayment on the behalf of the company, but it is unclear if American Apparel would pay back the loan some other way. 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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