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J. Crew to be acquired in $3 billion buyout
New York City -- J. Crew Group is close to an agreement to be bought by TPG Capital and Leonard Green & Partners for about $2.8 billion, according to reports by the Associated Press, Bloomberg and other news groups.
TPG and Leonard Green would pay $43.50 a share in cash, or 16% more than J. Crew’s closing share price yesterday, according to various reports.
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SolutionSet to provide Performance Bicycle with database management, catalog marketing services
San Francisco -- SolutionSet, the fourth largest independent digital, data, direct and local marketing services company nationwide, announced it has been selected by Performance Bicycle to be its direct and digital marketing partner. SolutionSet will provide Performance Bicycle with database management and catalog marketing services.