BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Deb Shops checks out of Nasdaq]]>http://www.bloggingstocks.com/2007/07/27/deb-shops-checks-out-of-nasdaq/http://www.bloggingstocks.com/2007/07/27/deb-shops-checks-out-of-nasdaq/http://www.bloggingstocks.com/2007/07/27/deb-shops-checks-out-of-nasdaq/#commentsFiled under: , ,

Despite all the gloomy talk about private equity, we are still seeing deals. For example, today Deb Shops (NASDAQ: DEBS) announced that it is selling out for $27.25 or $395 million. The buyer is Lee Equity Partners and the debt financing will come from Barclays Capital.

Deb Shops is a specialty retailer with a focus on juniors (both regulator and plus sizes). There are 337 stores across 42 states.

And it looks like a good deal. After all, the valuation is about one times revenues.

What's more, Lee Equity is bringing Allen Questrom on as the non-executive chairman. He is a highly experienced retail executive and was formerly the CEO of J.C. Penney (NYSE: JCP).

Lehman Brothers (NYSE: LEH) advised Deb Shops on the transaction. As for Lee Equity, it used the services of Bear Stearns (NYSE: BSC).

In today's trading, Deb Shops' shares are up only $0.18 to $26.86.

To see some other recent M&A deals, click here.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Deb Shops checks out of Nasdaq originally appeared on BloggingStocks on Fri, 27 Jul 2007 15:44:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>allen questromAllenQuestrombscDeb ShopsDebShopsfashionjcplehprivate equityPrivateEquityretailspecialty retailspecialty retailersSpecialtyRetailSpecialtyRetailersFri, 27 Jul 2007 15:44:00 EST<![CDATA[Analyst initiations 4-27-07: BBBY, ETH, PIR and WSM]]>http://www.bloggingstocks.com/2007/04/27/analyst-initiations-4-27-07-bbby-eth-pir-and-wsm/http://www.bloggingstocks.com/2007/04/27/analyst-initiations-4-27-07-bbby-eth-pir-and-wsm/http://www.bloggingstocks.com/2007/04/27/analyst-initiations-4-27-07-bbby-eth-pir-and-wsm/#commentsFiled under: , ,

MOST NOTEWORTHY: Four specialty retailers initiated at FTN Midwest were today's most noteworthy moves in the market:
OTHER INITIATIONS:
  • CIBC started Chemtura Corp (NYSE: CEM) with a Sector Underperformer rating and $11 target on valuation.
  • C.E. Unterberg started Altus Pharmaceuticals Inc (NASDAQ: ALTU) with a Buy rating and $12 target, believing the company's efforts to develop the first juvenile formulation of a pancreatic enzyme will be a key growth driver.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst initiations 4-27-07: BBBY, ETH, PIR and WSM originally appeared on BloggingStocks on Fri, 27 Apr 2007 11:26:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>altualtusanalystbbbybed bathBedBathbrncbroncocemchemturadrillersethethan allenEthanAlleninitiationpdcpier 1Pier1pioneerpirratingretailspecialty retailSpecialtyRetailtheflyonthewall.comudrlunion drillingUnionDrillingwilliams sonomaWilliamsSonomawsmFri, 27 Apr 2007 11:26:00 EST