Home › American Apparel Said to Reject Latest Charney-Led Takeover Bid
 

Keywords :   


American Apparel Said to Reject Latest Charney-Led Takeover Bid

2016-01-15 03:15:31| Apparel - Topix.net

American Apparel Inc.'s board of directors rejected the latest takeover offer involving the company founder and fired Chief Executive Officer Dov Charney, two people familiar with the decision said. The vote means an offer valued at $300 million from three investment funds who've aligned with Charney must be further sweetened to win over the company, or they must convince a judge next week to throw out a competing proposal backed by American Apparel's lenders.

Tags: american latest apparel bid

Category:Consumer Goods and Services

Latest from this category

All news
24.09TSB customers hit by payment problems
24.09China unveils raft of measures to boost economy
24.09Customers 'forced' to take part in water trial
24.09Boeing union hits out over 'final' 30% pay rise offer
24.09CrowdStrike: Company to face questions over global IT outage
24.09Tigers and crocs make mangrove preservation tough work
24.09'No money and no answers' two years after collapse of funeral firm
24.09'No money and no answers' two years after collapse of funeral firm
Consumer Goods and Services »
24.09TSB customers hit by payment problems
24.09Potential Tropical Cyclone Nine Potential Storm Surge Flooding Map
24.09Potential Tropical Cyclone Nine Probabilistic Storm Surge Graphics
24.09Freudenberg Expands Coated Textiles Business
24.09Potential Tropical Cyclone Nine Graphics
24.09Potential Tropical Cyclone Nine Storm Surge Watch/Warning Map
24.09Farm Progress America, September 24, 2024
24.09Farm Progress America, September 24, 2024
More »