Corporate Acquisitions

J. Crew in Fashion Since Buyout Offer

SeekingAlpha |

In Brief...

One of the fundamental elements of the Wall St. Cheat Sheet investing framework places the utmost importance on a company's low debt position. With a cleaner balance sheet, J. Crew became even more attractive to potential suitors. Earlier this week, J. Crew received a buyout offer from TPG Capital Group and Leonard Green & Partners LP for $43.50 per share in cash, or about $3 billion.. If you look at the past four quarterly announcements for J. Crew, you will see the company surprised analyst expectations by an average of 13%-32%. On the heels of a strong year, a swift adaptation to seasonal retail trends and the fashionable support of America's presidential family, the momentum allowed J. Crew to unlock value.

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