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.
The dollar edged up, gold steadied and European shares held near five-year highs on Tuesday as investors look out …