Fossil Group jumps on speculation of private buyout

|About: Fossil Group, Inc. (FOSL)|By:, SA News Editor

Fossil Group (FOSL +10.1%) pulled a double-digit gain today, cresting the $10 mark for the first time since August on speculation of a takeover.

A StreetAccount report said private-equity firm Thoma Bravo could be interested in acquiring the watchmaker for about $15.75/share.

That price would mark a 73% premium over yesterday's close, and is 57% upside from today's closing price.

Fossil shares have lost 60% of value over the past 12 months, from where it was hovering around the $25 mark.

Subscribe for full text news in your inbox