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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