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.
For comments and feedback: editorial@rttnews.com