Jun. 12, 2014, 5:40 PM
- In a new 13D, Sycamore Partners discloses it has a 9.9% Express (EXPR) stake, and says it would like the board's help in performing "due diligence to determine a definitive valuation of [Express] in order to submit a binding, fully financed proposal to acquire all of the remaining common stock of [Express] not owned by Sycamore."
- Sycamore has already taken a large stake in fellow retailer Aeropostale (ARO), and struck a deal last year to acquire The Jones Group.
- ARO +4.8% AH.
EXPR vs. ETF Alternatives
Express, Inc., is a specialty apparel and accessory retailer offering both women's and men's merchandise. The Company operates in single segment which is Express brick-and-mortar retail stores and e-commerce operations.
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