Piper Jaffray Discontinuing Coverage Of J. Crew Group

In a report published by Piper Jaffray is discontinuing coverage of J. Crew Group (NYSE: JCG).

Piper Jaffray said that on Monday, March 7, Chinos Holdings, Inc. and Chinos Acquisition Corporation, affiliates of TPG Capital, L.P. and Leonard Green & Partners, L.P., completed its acquisition of J. Crew Group. JCG shareholders received $43.50 in cash per share. “Investors should no longer rely on our last published rating, price target, model, or estimates on J. Crew, as they will not be updated following the discontinuation of coverage date.”

J. Crew Group closed yesterday at $43.51.