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

|About: True Religion Apparel, ... (TRLG)|By:, SA News Editor

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.