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Restoration Hardware jumps on Williams-Sonoma buyout talk

Jun. 22, 2016 9:40 AM ETRH (RH) StockWSM, RHBy: Clark Schultz, SA News Editor6 Comments
  • Restoration Hardware (RH +2.8%) spikes after BB&T says Williams-Sonoma (WSM +1.4%) may acquire the chain at $50 per share. A deal would be accretive to WSM's earnings at a rate of 16% to FY17 EPS and 25% to FY18 EPS, according to a rough estimate.
  • Restoration Hardware slipped to a 52-week low of $26 yesterday.

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