True Religion PE bidders drop out over price, NY Post says

theflyonthewall.com

The remaining prospective bidders circling True Religion, which includes Gores Group, Sycamore Partners and a third private-equity firm have dropped out of the auction because they believe its shares have become too expensive, according to The New York Post, citing sources. One source said a deal near $30/share might be possible, the report added.

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