P-E firm Leonard Green & Partners is buying Jo-Ann Stores (JAS) for ~$1.6B, or $61/share, a...

|About: Jo-Ann Stores, Inc. (JAS)|By:, SA News Editor

P-E firm Leonard Green & Partners is buying Jo-Ann Stores (JAS) for ~$1.6B, or $61/share, a 34% premium to yesterday's closing price. JAS +33.75% to $61. (PR)