Crocs Could Be In Talks For An Investment, Blackstone Named As Potential Candidate

Shares of Crocs

have rallied about $0.50 in Tuesday's post-market trading session following a Bloomberg story suggesting the company is in talks with firms for a possible investment. A source told Bloomberg buyout firms like Blackstone

may be interested in taking a minority stake in Crocs. Some kind of deal for debt could also be in the works, the source said. Proceeds from a possible deal might be used by the Crocs Board to buyback the company's stock. A couple hours into the after-hours session, shares of Crocs are up nearly 3.5 percent to around $14.