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Article: Charlotte Russe Holding, Inc. Agrees to be Acquired by Advent International Corporation for $17.50 Per Share In Cash.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- September 9, 2009
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Charlotte Russe Holding, Inc. (NASDAQ: CHIC), a leading mall-based specialty retailer for young women, announced that it has entered into a definitive agreement to be acquired and taken private by investment funds managed by Advent International Corporation, a leading global private equity firm with significant expertise in the retail sector.
Under the terms of the merger agreement, an affiliate of Advent will commence a tender offer to purchase for cash all of the outstanding shares of Charlotte Russe common stock, and the associated preferred stock purchase rights, at a price of $17.50 per share, for a total value of approximately $380 million. The tender offer ...