True Religion (TRLG) to be acquired by TowerBrook Capital Partners for $32/share in cash,...


True Religion (TRLG) to be acquired by TowerBrook Capital Partners for $32/share in cash, valuing the company at $835M. Shares closed yesterday at $29.44. Back on Oct. 10, when TRLG first said it would explore strategic initiatives, it was trading at $21. TRLG halted. (PR) Great call by Vince Martin and Rabish.

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