Seeking Alpha

Investors snooze Fifth & Pacific's asset sale

  • Shares of Fifth & Pacific (FNP -0.1%) are slightly lower after the company announces the sale of Lucky Brand Jeans.
  • The divestiture has been well-telegraphed and a topic of speculation for some time.
  • Hedgeye's Brian McGough thinks the deal price is a disappointment for FNP investors.
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