DealREPORTER is reporting that Aeropostale, Inc. ARO could potentially go private through a private equity deal, and the deal could potentially be worth $40 per share.
Aeropostale has seen its shares been hit hard recently, as it missed earnings estimates amid a slew of discounted merchandise.
Shares of ARO are up on this rumor, gaining 62 cents to $24.28, a gain of 2.6%.
Aeropostale operates as a mall-based specialty retailer of casual apparel and accessories. It designs, markets, and sells merchandise principally targeting 14 to 17 year-old young women and men.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in