Pursuits
American Apparel Said to Get Takeover Bid From Irving Place
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American Apparel Inc. founder Dov Charney, who was fired by the company this week, is working with private-equity firm Irving Place Capital on a bid to acquire the retailer, according to a person familiar with the situation.
The offer would value the company at $1.30 to $1.40 a share, according to the person, who asked not to be identified because the matter is private. The board is currently reviewing a takeover proposal, another person said.