J Crew received no rival takeover bids: source

By @ibtimes on

J Crew Group Inc received no rival takeover bids during its go shop period and will remain with its original $2.86 billion buyout offer from TPG and Leonard Green, a source familiar with the situation said on Sunday.

Sears Holdings Corp, Urban Outfitters Incand at least two other private equity firms had been looking at the financial books of J Crew during the go shop period that allowed J Crew to solicit other suitors, sources previously told Reuters.

(Reporting by Jessica Hall, editing by Maureen Bavdek)

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