rue21 Inc. (RUE) announced Thursday morning that it agreed to be acquired by funds advised by Apax Partners for $42.00 per share in cash. The transaction is valued at approximately $1.1 billion.
rue21 gapped open dramatically higher Thursday and is now up 7.86 at $41.98 on the highest volume of the year. The stock has jumped to a new high for the year.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.