Seeking Alpha

Retail M&A watch: Rue the day?

  • While Rue21 (RUE) shareholders approved the buyout by Apax Partners by a wide margin, it's the P-E firm itself which might be the one with second thoughts.
  • During its last quarter, the retailer saw same-store sales decline 5.9% and profits crumble.
  • Halper Capital Management estimates Rue21 is worth only half what Apax paid for it.
  • The potential retail buyout bomb could have some bearing on how Sycamore Partners handles its investment in Aeropostale (ARO).
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