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Mar. 23, 2012, 5:34 PMAbercrombie & Fitch (ANF -1.4%) underperformed today, possibly thanks to an article from The Deal noting industry skepticism about LBO interest. Abercrombie's weak results and the challenges involved in obtaining debt financing are cited as key obstacles. Moreover, management is said to be wary of making a deal, and P-E firms don't like the volatile nature of the specialty apparel retail space. | 3 Comments
Mar. 20, 2012, 9:05 AMAbercrombie and Fitch (ANF) is seen as a potential LBO target following bullish options activity, Bloomberg speculates. Cowen thinks the teen retailer could get $70/share in a takeover, and Morningstar says ANF boasts strong free cash flow while remaining relatively debt-free - "It's got all the characteristics you like to see" in an LBO. ANF +2.7% premarket. | Comment!
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Abercrombie & Fitch Co is a specialty retailer, which operates stores and direct-to-consumer operations. The Company sells products, including casual sportswear apparel, including knit and woven shirts, and graphic t-shirts.
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