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Private equity firm eyes Christopher & Banks Wednesday, 4th July 2012
Womenswear retailer Christopher & Banks Corp has revealed it received a takeover offer from private equity firm Aria Partners. The deal values the company at around USD 64 million.
Aria, which currently owns four per cent of Christopher & Banks shares, offered to pay USD 1.75 per share.
The retailer has said it will review the offer.
Shares of Christopher & Banks have lost about 30 per cent of their value so far in 2012.