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American Apparel Approached For Possible Buyout: WSJ

2014-12-19 12:26:22| Apparel - Topix.net

Clothing manufacturer American Apparel has been approached by private equity firm Irving Place Capital for a possible takeover, The Wall Street Journal reported, citing sources. The Los Angeles-based retailer received an expression of interest from Irving Place in the last couple of weeks, people familiar with the matter told the Journal, adding that the approach was initially rebuffed because of the low price.

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